There are many indicators of overbought/oversold conditions out there. Some of more common ones are: - Bollinger Bands %B - Money Flow Index (MFI) - Relative Strength Index (RSI) - Stochastic This script uses a combination of these 4 oscillators to confirm overbought/oversold and filter the signals of market reverse which could be used for trading binary...
This script embodies the application of the Bollinger Band and Money Flow Index in John A. Bollinger's book "Bollinger on Bollinger Bands." "Bollinger on Bollinger Bands" suggests a relatively method of analysis by applying the Bollinger Band to an indicator. Here's one of the indicators, Money Flow Index. Money Flow Index is an indicator of overbuying and...
This script uses both MFI and RSI to create a buy or sell signal. At the moment it is used for scalping on the 15m timeframe. Oversold and Overbought conditions are adjustable. For a sell signal, at the moment the RSI and MFI need to be overbought and the RSI needs to drop. For a buy signal, at the moment the RSI and MFI need to be oversold future update will...
This script simply creates a combo of some indicators I have found to be useful to visualize together. Its fairly simple to use... buy the red and sell the green. The red and green 'zones' are VI indicator plus and minus using color to identify instead of plotting the lines and creating more mess for us. The blue line is our BB B%... and the solid lines are the...
This demonstrates the accuracy of entry signal of the MFI + RSI + STOCH RSI strategy
Based on the Godmode indicators modified by LEGION, LAZYBEAR, Ni6HTH4wK, xSilas, oh92, sco77m4r7in and anise. Big thanks to them. Just an add on of the excellent script of anise. I only added the possibility to chose the exchange and asset so that the multi exchange option can be used on other assets and the MFI's overbought and oversold highlights.
Divergence screener for MFI Regular Bullish: "D" navy label Hidden Bullish: "H" navy label Regular Bearish: "D" red label Hidden Bearish: "H" red label
Combines: Relative Strength (purple) and RSI Stoch (Orange/gray), Money Flow (green) all in one indicator window. On screen indicator text identifier will read in this order: "RSI/STOCH/MFI V3" // Changes from original version \\ It was important to bring forth the RSI indicator as the most visually important line and its relationship to the background. A:...
Money Flow Index (MFI) is the technical indicator, which indicates the rate at which money is invested into a security and then withdrawn from it. Construction and interpretation of the indicator is similar to Relative Strength Index with the only difference that volume is important to MFI. Usage: When analyzing the money flow index one needs to take into...
Combines: Relative Strength (purple) and RSI Stoch (Orange/gray), Money Flow (green) all in one indicator window.
Market Facilitation Index indicator taken from "Trading Chaos" by Bill Williams. MFI must be used in combination with volume: GREEN = Volume up + MFI up (indicated by a green diamond) SQUAT = Volume up + MFI down (indicated by a purple star) FAKE = Volume down + MFI up (indicated by a red x) FADE = Volume down + MFI down (indicated by a grey circle) PS...
RBI is an intricate oscillator that calculates relative breadth of an asset according to its trend. If you want to detect reversals, continuations, trend strength, divergences, and confirm other signals, read on. Relative Breadth Index has 4 main components: Fast (White), Medium (Green), and Slow (Red) Oscillators Overbought and Oversold Thresholds (Shaded...
Ver1.0 Visually understand the initial movement of MFI trends. The background color changes when the value is greater or less than the specified value. This should be seen together with ADX etc. MFIのトレンド発生の初動を視覚的に分かりやすくしました。 指定数値以上・以下で背景の色が変わります。 これはADX等と合わせて見る必要があります。
Hashem Helper Two This Indicator contains many indicators and mixture of them. RSI+MFI = Green and Red Cloud (Above 0 is Green, Below 0 is Red) StochRSI (K = Aqua, D = Purple) WaveTrend (Not shown directly but used in the bigger Aqua and Purple Cloud Waves) VWAP (Volume-Weighted Average Price) = Yellow Cloud Around 0 Line. The Blue WaveCloud ( which is...
This is the improved version of Stochastic Money Flow Index script that uses Open Interest instead of volume in Future markets. I think it will make a difference especially in Future and CFD markets. Since the system will pull data from Quandl, CFTC reports may cause repaint when disclosed. So if you use it during the weekly time frame (1W), it will definitely...
This function is similar to the stochastic rsi function. The only difference is that Money Flow Index is used instead of rsi. Oversold and overbought values were changed to 80 and 20. Because the MFI's overbought and overbought zones are 20 and 80. In MFI, I think that it can be more beneficial in liquid markets than stochastic rsi since volume is taken into...
MFI and RSI moving average divergence oscillators. Bullish: More Yellow underneath curling up. Higher Low on blue oscillator. 'MFI Trend' (red and green line) red at the top. Bearish: More orange at the top curling down. Lower high on blue oscillator. 'MFI Trend' green at the bottom. This is a great compliment to the C4 indicator. ()