theodorewakefield

Multi Perdiod Smoothed Money Flow Index

Using the Built in function of the Money Flow Index, except it plots three different smoothed lengths of the MFI.

(The Money Flow Index (MFI) is a technical indicator that generates overbought or oversold signals using both prices and volume data.)

This indicator plots three smoothed lines of the Money Flow Index, each with different period length. The idea here is that having multiple signals given from analysing different period lengths should minimise the amount of false signals taken by the MFI.

Idea taken from the existence of the same styled indicator for Stochastics.
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.

Want to use this script on a chart?