This code shows expected reaction target prices after sudden moving based on MFI . Red area means the price is on overbought area, green area means the price is on oversold area. If you see red area under price, you can make short option to next to the horizontal beginning price of red area. If you see green area over price, you can make long option to next to the horizontal beginning price of green area.
When this code works - The green area starts where mfi value is on oversold - The red area starts where mfi value is on overbought
Of course, this code may be failed, do not forget the target may never come. But hopefully price will cross over the target. And you (as developers) can develop this code by using anything instead of mfi to get up-down target prices.
But only this values can not guarantee good results for trading. BE CAREFUL
Release Notes
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- Develop the mfi calculations better - Filtered volume and price data - Fixing target price from selected bar