MFI Pro By CryptoScripts

Welcome to the MFI Pro! This indicator uses the Money Flow Index and overlays two EMAs along with different 'under' levels for the buy triggers. It uses the 14 EMA2 length for the white line and the 5 EMA3 length for the waves. The red shaded 'sell' signal is triggered whenever the MFI climbs above the 80 level and the green shaded 'buy' signal is triggered whenever the MFI dips below the 30 level. A couple ways to use this indicator is wait until the MFI crosses above the 14 EMA for buy signals or below it for sell signals. You can also wait for the waves to cross above or below the 50 line (if it crosses above the 50, buy, if below then sell). Another way to use it is wait until the EMA3 wave crosses above the EMA2 white line for buy signal or if it crosses below the white line for a sell signal. You can also adjust the settings of the overbought and oversold levels which will change your buy/sell signals or change the length of the waves to your liking.

As you can see, there are various ways to use this indicator so please test it out and find what works best for you :) Let me know if you have any questions and thanks for following!