OPEN-SOURCE SCRIPT
🎮 Liquidity Checklist – EFI + CMF + Centered MFI

What it is
A confirmation dashboard combining EFI (Elder Force Index), CMF (Chaikin Money Flow), and MFI (Money Flow Index).
Provides a checklist table with / conditions, glow plots, and theme/override system. Intended as confirmation tool, not a standalone signal generator.
Why combine these three?
How it works
Checklist logic
What s original here
Inputs & settings
How to read
Chart: EFI & CMF as glowing columns; MFI as centered line; reference lines at 0, +15 ( 65), 15
(35).
Table: / for each condition and live values; READY row lights when all align.
Suggested use
1) Define trade idea (structure, catalyst).
2) Check EFI and CMF align with bias.
3) Confirm MFI not stretched (avoid longs >65, shorts <35).
4) Look for READY tick when all three align.
Limitations
Credits
Disclaimer
A confirmation dashboard combining EFI (Elder Force Index), CMF (Chaikin Money Flow), and MFI (Money Flow Index).
Provides a checklist table with / conditions, glow plots, and theme/override system. Intended as confirmation tool, not a standalone signal generator.
Why combine these three?
- EFI (Force): captures impulse of price change × volume strength of push. CMF (Flow): measures accumulation/distribution capital inflow or outflow.
- MFI (Liquidity/Momentum): RSI with volume liquidity stretch or balance.
- Aligning force + flow + liquidity avoids weak setups and highlights agreement.
How it works
- EFI: EMA of ( Close × Volume). Positive = buying pressure; Negative = selling pressure.
- CMF: Money Flow Multiplier × Volume, averaged relative to total volume. Above 0 = inflow; Below 0 = outflow.
- MFI: built-in 0 100 oscillator.
- On chart: plotted centered as (MFI 50). In table: shown as real 0 100 value.
Checklist logic
- Long bias: EFI > 0; CMF > 0; MFI > 35.
- Short bias: EFI < 0; CMF < 0; MFI < 65.
- Between 35 65, MFI may allow both long and short (neutral liquidity zone).
What s original here
- Centered MFI plotting so all indicators share a zero baseline.
- Dashboard checklist table with live indicator values.
- Theme engine with custom color overrides (separate plot vs. table).
- Normalization toggle for EFI/CMF readability on high-volume tickers.
Inputs & settings
- Lengths: EFI (13), CMF (20), MFI (14).
- Themes: Arcade, Feng Shui, Samurai, Irish, Cyberpunk.
- Override plot colors option; table stays theme-based.
- Normalize EFI/CMF (default OFF). ON scales EFI/CMF to 100 +100 for visual balance with MFI. Logic uses raw values.
How to read
Chart: EFI & CMF as glowing columns; MFI as centered line; reference lines at 0, +15 ( 65), 15
(35).
Table: / for each condition and live values; READY row lights when all align.
Suggested use
- Use as confirmation filter:
1) Define trade idea (structure, catalyst).
2) Check EFI and CMF align with bias.
3) Confirm MFI not stretched (avoid longs >65, shorts <35).
4) Look for READY tick when all three align.
- Works across timeframes; many prefer 15m 1H for intraday.
Limitations
- Not a trading system on its own.
- CMF may be na when High == Low.
- Normalization affects visuals only, not logic. Always backtest and manage risk.
Credits
- EFI by Alexander Elder. CMF by Marc Chaikin.
- MFI standard oscillator.
- Centered-MFI plotting, checklist UI, themes, normalization: NICK789.
Disclaimer
- Educational use only; not financial advice.
- No guarantees of accuracy or profitability.
- Markets involve risk; past performance does not guarantee results.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.