MFI with 2 Moving Averages mw
- Indicators
- DMITRII GRIDASOV
- Version: 1.5
- Activations: 10
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
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