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MFI Modern PRO

4.92
Default settings are just for visualisation, it can not be profitable with it. 


Get a Free EA as a Bonus when you Purchase the Indicator! Plus, Receive 4 Interesting Additional Indicators.

Recommended set files for backtesting the indicator on recommended pairs are available in the comments section (last page).

Please note that this product is exclusively sold on the MQL5 market. Any other sources offering it are scams, and the author bears no responsibility.

To receive the bonus gifts, please contact me privately through direct messages.

With the latest upgrade, the MFI period has become dynamic, and a +1 filter has been added.

If you don't see arrows with any set file, simply adjust the "Volatile" setting to "Not use" or set the filterMFI to false.

Here is the EA from the video for easily backtesting the indicator entries before making a purchase: [https://www.mql5.com/en/market/product/85876]. Don't forget to use the recommended set files available in the comments section.

MFI Modern Pro is an enhanced version of the standard MFI indicator. It displays clouds at the intersection of various levels and draws arrows upon the completion of each cloud formation. These clouds represent zones where overbought or oversold conditions are active and are about to end. When the MFI line exits one of these zones, arrows appear, indicating the direction for Buy or Sell trades. Each opposite signal serves as an exit for the previous signal. For instance, a red arrow indicates a sell signal and simultaneously serves as an exit signal for the previous green arrow (buy signal). Occasionally, a similar sell or buy signal may appear when we already have a  position in plus from the previous signal. This behavior is completely normal. 

Watch the video to see the indicator entries in action (Please note that the EA in the video is solely for demonstration purposes and not available for sale. It is provided as a gift to customers who purchase the indicator).

     MFI Modern Pro includes the following input parameters:

  • mfiPeriod: period for the MFI indicator.
  • mfiPeriodadd: number of periods to add to mfiPeriod to allow dynamic and automatic changes (linked to CCI).
  • mfiSellProof: MFI level to cross from up to down initially to confirm a sell arrow.
  • mfiSellCross: MFI level to cross from up to down after Proof to draw a sell arrow.
  • mfiBuyCross: MFI level to cross from down to up after proof to draw a buy arrow.
  • mfiBuyProof: MFI level to cross from down to up initially to confirm a buy arrow.
  • FilterMfi: Enable/disable an extra condition for arrow confirmation.
  • FilterTFmfi: Choose timeframe for confirmation.
  • FilterBuyProofMFI: Level for buy order confirmation (e.g., if we buy when MFI exits the oversold zone on H1, it should not be near the overbought zone on lower timeframes like M30-M15. If filterMFI is false, this option is not used).
  • FilterSellProofMFI: Level for sell order confirmation (e.g., if we sell when MFI exits the overbought zone on H1, it should not be near the oversold zone on lower timeframes like M30-M15. If filterMFI is false, this option is not used).
  • Volatile: Choose "Not Use," "Higher," or "Lower." For Higher, the volatility number should be higher than the entered level to draw an arrow. For Lower, the volatility number should be lower than the entered level to draw an arrow (this is an independent indicator built-in from my products).
  • VolTF: Timeframe for detecting volatility factor.
  • VolPeriod: Period of volatility.
  • VolLevel: Level for volatility.
  • UseCCI: Enable/disable CCI for making the MFI period dynamic. It adds the Periodadd number to the main period of MFI (first input).
  • cciTF: Timeframe for CCI.
  • cciPeriod: Period for CCI.
  • cciPrice: CCI Price.
  • cciLevel: CCI level (if set to 150, it will use 150 and -150 as the upper and lower thresholds, respectively, which are added to the period of MFI as specified in Periodadd).
  • UseBB: Enable/disable Bollinger Bands filter. If enabled, the price must be below the upper band to draw a sell arrow (according to the conditions described above), and the price must be above the lower band to draw a buy arrow (according to the conditions described above).
  • alerts: All available alerts provided by the indicator.

This indicator is the result of 11 years of trading experience. Tests have been conducted using the "from signal to signal" method, without the use of stop losses, to showcase its accuracy solely based on signals. Every trader should determine suitable stop loss levels based on their preferences and trading styles, as variables can vary significantly depending on the type of trader. The Gift EA can assist in quickly and easily researching different settings. Good luck!


Reviews 57
Yusuf Hamzah
677
Yusuf Hamzah 2024.02.18 15:44 
 

The indicator is MFI-complete and it allows user to perform back-testing and optimization. I have been reviewing it for nearly two weeks. It is feature-wise, provide value-for-money and I have nothing to regret purchasing it. Davit provides a good after-sales support and very generous in giving explanations. He is quick to response and adept to questions. As a caveat, past performance does not guarantee future performance. Although, I do believe the indicator is promising, I still strongly suggest user to do its own homework to fully utilize it (like any other indicators, it is just an indicator). Good luck.

rainwalker123
3384
rainwalker123 2023.08.22 13:18 
 

DEAR DAVID, you are the best and talented here in MQL5. Your indicator ist the only one, who provides reliable and profitable signals. You are real JEWEL for the trader community here. RIGHT ON, you are the best.

X_RaXaR
366
X_RaXaR 2023.07.19 22:01 
 

This indicator really gives very accurate signals. The author almost instantly replies to messages and gives detailed explanations. In general, both the product and technical support are excellent. Well, the bonuses are so generous that you will be pleasantly surprised.

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This indicator is unstoppable when combined with our other indicator called  Support & Resistance . After purchase, send us a message and you will get it   for  FREE as a BONUS! Introducing Trend Punch , the revolutionary forex trend indicator that will transform the way you trade! Trend Punch is uniquely designed to provide precise buy and sell arrows during strong market trends, making your trading decisions clearer and more confident. Whether you're trading major currency pairs or exotic sym
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5 (1)
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RSI Entry Points is the upgrade of the standard RSI indicator to avoid lagging. Indicator draws the clouds and the arrows to have clear picture where price is and what to wait for. Why standard RSI is lagging? because mostly we do not use it correctly and it is with very weak visual flexibility, less informativity. With my current upgrade I tried to Fix both problems same time and I got much better results and more exact entries than standard RSI has. To make yourself sure check out the screens
Filter:
Yusuf Hamzah
677
Yusuf Hamzah 2024.02.18 15:44 
 

The indicator is MFI-complete and it allows user to perform back-testing and optimization. I have been reviewing it for nearly two weeks. It is feature-wise, provide value-for-money and I have nothing to regret purchasing it. Davit provides a good after-sales support and very generous in giving explanations. He is quick to response and adept to questions. As a caveat, past performance does not guarantee future performance. Although, I do believe the indicator is promising, I still strongly suggest user to do its own homework to fully utilize it (like any other indicators, it is just an indicator). Good luck.

Davit Beridze
8651
Reply from developer Davit Beridze 2024.02.18 15:48
thanks for review
rainwalker123
3384
rainwalker123 2023.08.22 13:18 
 

DEAR DAVID, you are the best and talented here in MQL5. Your indicator ist the only one, who provides reliable and profitable signals. You are real JEWEL for the trader community here. RIGHT ON, you are the best.

Davit Beridze
8651
Reply from developer Davit Beridze 2023.08.23 09:54
thanks for such words. :)
X_RaXaR
366
X_RaXaR 2023.07.19 22:01 
 

This indicator really gives very accurate signals. The author almost instantly replies to messages and gives detailed explanations. In general, both the product and technical support are excellent. Well, the bonuses are so generous that you will be pleasantly surprised.

Davit Beridze
8651
Reply from developer Davit Beridze 2023.08.23 09:54
thanks. good luck
VALERІI SKVORTSOV
165
VALERІI SKVORTSOV 2023.06.07 20:45 
 

Знайшов те, що шукав. Приємно здивував бонус у вигляді додаткових індикаторів та робот на цьому ж індикаторі, це суттєво полегшує процес створення стратегії та саму торгівлю. Продавець завжди на зв'язку та охоче відповідає на всі запитання. Д Я К У Ю !

Davit Beridze
8651
Reply from developer Davit Beridze 2023.07.12 17:28
you are welcome
Epsilon Hogas
1622
Epsilon Hogas 2023.04.08 05:47 
 

Interesting information shown, thank you

Davit Beridze
8651
Reply from developer Davit Beridze 2023.07.12 17:28
thanks
adonis4ex
6340
adonis4ex 2023.02.21 11:38 
 

great indicator, always knew the mfi was the goat. may i get ea please

Davit Beridze
8651
Reply from developer Davit Beridze 2023.03.03 08:45
Hi check PM
jimdog
762
jimdog 2023.02.19 11:13 
 

Thanks, looks good

Davit Beridze
8651
Reply from developer Davit Beridze 2023.07.12 17:28
thanks
passyjh
271
passyjh 2022.12.31 11:12 
 

Great indicator and perfect support

Davit Beridze
8651
Reply from developer Davit Beridze 2023.07.12 17:29
thank you
Bernardo Carvalho
673
Bernardo Carvalho 2022.12.29 11:02 
 

Good

Davit Beridze
8651
Reply from developer Davit Beridze 2023.07.12 17:29
thanks
Richard S.
334
Richard S. 2022.12.14 21:22 
 

Great Indicator, Thank you Davit

Davit Beridze
8651
Reply from developer Davit Beridze 2023.07.12 17:30
you are welcome
tsany
484
tsany 2022.12.14 17:08 
 

Thank you, Davit for this very useful trading tool!

HKjobs Mt4
164
HKjobs Mt4 2022.12.10 18:17 
 

User didn't leave any comment to the rating

Lasse Michael Holm
1431
Lasse Michael Holm 2022.11.08 23:52 
 

User didn't leave any comment to the rating

Davit Beridze
8651
Reply from developer Davit Beridze 2023.07.12 17:30
thanks
Ck.
1041
Ck. 2022.11.07 13:20 
 

Great indicator. EA works as intended and allows hands off trading. Great support as well.

Erwinlyj
71
Erwinlyj 2022.11.06 11:19 
 

User didn't leave any comment to the rating

Dam Van Long
608
Dam Van Long 2022.11.05 05:51 
 

Super good indicator and EA. I use it for my $20k account.

Dariusz Dabrowski
188
Dariusz Dabrowski 2022.11.03 17:29 
 

User didn't leave any comment to the rating

Prianka Bayu Putra
634
Prianka Bayu Putra 2022.11.03 15:52 
 

I tested this indicator multiple times now and decided to buy it, great tools ! Looking forward to work with it

d1n3kk
66
d1n3kk 2022.10.30 22:45 
 

After ~1 month I can confirm, that indicator (as well as gift EA) works as it should and there are no repaints or any other scams. Performance is good, risk/reward ratio also. Currently I'm ~5% on plus (0.01 lot on 2000$ account). It covers with backtest effects.

lisi
1101
lisi 2022.10.28 14:45 
 

Great indicator! Thanks for the advisor.

123
Reply to review
Version 1.6 2023.06.07
new upgrade contains extra filter bollinger bands. + some bug fix. I will send mail with new upgraded ea and sets to customers, who do not get mail contact me here or on telegram.
Version 1.5 2023.02.17
new version contains extra confirmation timeframe for MFI which checks mfi level to be higer or lower of given number. for exampe if there is Buy signal on H1 to decline it if there is overbought situation on M30 or lower and if there is SELL signal on H1 to decline it if M30 is oversold on M30. this way it got possible to have better results and to achive lower timeframe profitability as well. New set files I will send on mail to everyone as here I can not answer messages till 2 March, in case of questions write me on telegram. after 2 March new sets will also be uploaded in comments section.
Version 1.4 2022.10.01
with new upgrade now Mfi Period is dynamic, it changes according CCI filter. Profitability increased by 50% according backtests through Ea based on it. as MFI customers get Ea for free as a bonus everyone should contact me in privat chat to share upgraded version of Ea.
Version 1.3 2022.09.07
in notifications added name of indicator as MFI to make you understand which indicator sends you notification. + default set changed to gbp/usd H1
Version 1.2 2022.08.13
modified default set file, it is for AUD/NZD H1