Dziwne MFI (with highlight) — Indicator by DZIV

moneyflow averagetruerange dziwne mfi money flow highlight

Basic MFI, but with highlight overbought and oversold.

Release Notes:

Added :
— Source customisation (added it as an input and is now fully customisable)
— Easy color customisation (now available in the input menu, you can now create your own color scheme more easily)
— Possibility to hide OB and OS lines (added in the input section)
Minor changes :
— Translated the title parts in English to help understrand how everything is calculated more easily
— Renamed some variables to be more consistent in the code
— Changed the linewidth of the MF line to 1
— Changed the transparency of the highlight and background colors from 90 to 85 to be a tiny bit more visible

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

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