MFI Smoothing - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources - MetaTrader 5 Resources
The Fund Flow Index (MFI) is an indicator that shows the interest rates at which funds are invested in securities and then withdrawn from them.
The construction and interpretation of this indicator is similar to the RSI. The only difference is that volume is important for MFI.
When analyzing money flow indicators, there are a few points to consider:
This release adds additional JMA smoothing capabilities to enable the identification and evaluation of trend changes.
Attachment download
📎 mfi_smoothed.mq5 (12.22 KB)
Source: MQL5 #21966
MFI Smoothing - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resource Usage and Screening Suggestions
MFI Smoothing - 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 only on titles or short-term profit descriptions.
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