Ultimate MA + MFI — Indicator by rouxam

trendanalysis oscillator movingaverage mfi-ema macrossover 3commas

Hey Folks, this is in indicator that generates buy and sell alerts using Ultimate Moving Average and Money Flow Index.

Buy Alerts
Multi Time Frame Moving Average trend reversal AND MFI < threshold
Sell Alerts
MFI crossing under overbought threshold

Recommended settings for 3commas

- Create Alert with Buy Alert and link it to "Message for deal start signal"
- Create Alert with Sell Alert and link it to "Message to close all deals at Market Price"
- Set Take Profit to 1.0% with trailing between 0.2% and 0.6%
- DO NOT USE STOP LOSS

Release Notes:

refactored script, added comments and cleaned up inputs.
default the selected MA to EMA

Release Notes:

Overall refactoring and using version 4 explicitly

Release Notes:

fixed typo in ma UP signal

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

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

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