MFI_Histogram_Round - MetaTrader 5 Script - MT4/MT5 Resources
The standard MFI oscillator is implemented as a histogram with its values rounded to the standard range:
All MFI values less than 50 are rounded to the lower side, while all RSI values over 50 are rounded to the higher side.
The following inputs are used for rounding in the indicator:
Figure 1. MFI_Histogram_Round indicator
Attachment download
📎mfi_histogram_round.mq5 (14.92 KB)
Source: MQL5 #16693
MFI_Histogram_Round - MetaTrader 5 script usage and filtering suggestions
MFI_Histogram_Round - MetaTrader 5 script is a resource related to Forex indicators. Before downloading or referencing, it is recommended to confirm the platform version, transaction type, time period, whether DLL is required, whether source code is included, parameter description and historical update records.
Both automated trading tools and foreign exchange indicators should first undergo backtesting, simulated account observation, and small capital verification. Pay special attention to spreads, slippages, maximum drawdowns, position opening frequency, stop loss methods, trading periods and broker rules, and avoid direct real-time execution based only on titles or short-term profit descriptions.
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