MACD_MFI - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources
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This MFI indicator (Funds Flow Index) applied to the Moving Average Convergence and Divergence (Moving Average Convergence/Divergence) provides a visual representation of the current price divergence.
In addition to divergence, MACD also provides an excellent display of reversals in small time periods such as 1 minute, 5 minute, and 15 minute. The intersection of the MACD signal line and the MFI can serve as an additional signal for opening a position. The MFI line color changes after such intersections.
Input parameters include MACD histogram and MFI parameters, as well as caliber -RSI scaling factor. This factor was added due to the large variation in MACD values across different time frames. Therefore, the "size" of the 15-minute EURUSED is about 4, the "size" of the daily TF = 20, and the "size" of the M1 = 0.5.
This indicator uses the CMoving_Average class from the SmoothAlgorithms.mqh library. This class is described in detail in the article Average price series for intermediate calculations without using additional buffers .
Figure 1. MACD_MFI indicator
Attachment download
📎 MACDfMFI.mq5 (20.76 KB)
📎 SmoothAlgorithms.mqh (130.2 KB)
Source: MQL5 #23150
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