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MFI with 2 Moving Averages mr

Forex Indicator "MFI and 2 Moving Averages" for MT4

  • Money Flow Index (MFI) is a technical oscillator which uses price and volume data for identifying oversold and overbought zones
  • "MFI and 2 Moving Averages"  Indicator allows you to  see Fast and Slow Moving Averages of MFI oscillator 
  • Indicator gives opportunities to see the trend change very early
  • It is very easy to set up this indicator via parameters, it can be used on any time-frame
  • You can see Buy and Sell entry conditions on the pictures
  • Buy (Sell) signal conditions:
  • (1)-fast MA crosses slow one upward (downward), (2)-red MFI line is above (below) fast MA, (3)-red line goes to yellow one closely,
  • (4)-red line rebounds upward (downward) from yellow one, (5)-Buy (Sell) hook is just formed - open trade here, (6)-Important: use only the 1st hook after MAs cross

// More great Expert Advisors and Indicators are available here: https://www.mql5.com/en/users/def1380/seller

It is original product which is offered only on this MQL5 website.

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