Money Flow Index (double) by CoinStag
hey Piners community,
this is an iteration of inbuilt MFI script, with two MFIs of different lengths and one Moving Average which is dependent on MFI 1.
I find it useful to see the trend of longer MFI period, which tells me what direction to trade. On shorter period MFI I'm looking at Oversold or Overbought zones - while quicker MFI index is there, I'm looking to Buy/Sell, depending on trend.
Alternatively, you can use also MFI1 and MA crossovers to spot potential entries.
It seems like a good tool for crypto markets on any timeframes - from 5min, to 4h.
this is an iteration of inbuilt MFI script, with two MFIs of different lengths and one Moving Average which is dependent on MFI 1.
I find it useful to see the trend of longer MFI period, which tells me what direction to trade. On shorter period MFI I'm looking at Oversold or Overbought zones - while quicker MFI index is there, I'm looking to Buy/Sell, depending on trend.
Alternatively, you can use also MFI1 and MA crossovers to spot potential entries.
It seems like a good tool for crypto markets on any timeframes - from 5min, to 4h.
Release Notes:
Publishing again, with a clean chart and some cosmetic changes to the code.
Hi there, join our community here: t.me/TheCoinStags_community
Autonomous bot trading is in the works, will be available soon to the public!
Autonomous bot trading is in the works, will be available soon to the public!