FX5_SelfAdjustingMFI - MetaTrader 5 Script - MT4/MT5 Resources
MFI oscillator, the boundaries of its overbought/oversold zones are in the form of Bollinger Bands.
Indicator input parameters:
Input unit length = 12 ; // MFI period input ENUM_APPLIED_VOLUME volume type = volume_scale ; // volume Enter double the band deviation = 2.0 ; // deviation Input boolean MA_method= true ; // Use smoothing for Bollinger Bands Enter integer shift = 0 ; // indicator moves horizontally (in bars)
Figure 1. FX5_SelfAdjustingMFI indicator
Attachment download
📎 fx5_selfadjustingmfi.mq5 (9.24 KB)
Source: MQL5 #13680
FX5_SelfAdjustingMFI - MetaTrader 5 script usage and screening suggestions
FX5_SelfAdjustingMFI - 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 on titles or short-term profit descriptions.
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