The indicator is completely based on the classic MFI indicator.
I recommend watching my advisor – Night Zen EA
It contains two basic trading strategies:
- The output of the MFI line from overbought/oversold zones.
- The entry of the MFI line into the overbought/oversold zones.
Arrows are drawn after confirming the signal by strategies and are not redrawn.
Alerts are also registered:
- Alerts
- Push notifications to the mobile terminal
Settings:
- MFI period – the period of the MFI indicator
- Level UP – overbought level
- Level DOWN – oversold level
- Strategy – choosing a strategy
- Alerts – alerts
I also recommend you to get acquainted with my other products:
https://www.mql5.com/ru/users/tonybeat/seller
Have a good trade!
Subscribe to my telegram channel, where we discuss intraday trading, ideas, indicators, etc., a link in my profile contacts – My profile
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