MFI_Price - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources
Real author: Paladin 80
This Money Flow Index indicator uses typical prices ( TP = (H + L + C)/3 ) for its plotting. We have just added the possibility to use all price types for indicator standard code calculations.
The indicator was first implemented in MQL4 and published in the code base on August 17, 2012.
Figure 1. MFI_Price Indicator
Attachment download
📎 mfi_price.mq5 (17.74 KB)
Source: MQL5 #11368
MFI_Price - MetaTrader 5 script | Forex indicator download - MT4/MT5 resource usage and screening suggestions
MFI_Price - MetaTrader 5 script | Foreign exchange indicator download - MT4/MT5 resources are foreign exchange indicator related resources. 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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