MFI_Chart - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources

Yuri Tokman (YTG)

MFI oscillator relative to the Moving Average indicator in the main chart window. The MFI indicator is shown in blue, the moving averages are shown in dark red, and the levels of the default values ​​are shown as borders of the light gray channel.

Indicator input parameters:

 //+------------------------------------------------------------------------+
//|Indicator input parameters |
//+------------------------------------------------------------------------+
Input unit period MFI= 14 ; // MFI indicator period
input ENUM_APPLIED_VOLUME volume type = volume_scale ; // volume
Enter Smooth_Method XMA_Method= mode_SMMA ; // Average method
Input unit X length = 12 ; // average depth
Input integer X phase = 15 ; // Smoothing parameter
//---- For JJMA in the range of -100 ... +100, it will affect the quality of the transition process;
//----For VIDIA, it is the CMO cycle, for AMA, it is the slow average cycle
Enter double dev = 10.0 ; // channel width deviation
Enter ENUM_APPLIED_PRICE apply price = PRICE_CLOSE ; // price type or handle
Input integer Level_MFI_UP = 70 ; // Overbought level
Enter integer level_MFI_DN = 30 ; // oversold level
Enter integer shift = 0 ; // indicator moves horizontally (in bars)

The indicator uses SmoothAlgorithms.mqh library class (copy it to \MQL5\Include). The use of the class "Average price series for intermediate calculations without using additional buffers" is described in detail in the article.

Figure 1. MFI_Chart indicator

Attachment download

📎 mfi_chart.mq5 (10.79 KB)

📎 smoothalgorithms.mqh (130.19 KB)

Source: MQL5 #15098