MFI+

MFI+ is a MFI study enhanced with a linear regression moving average.


Default Settings:
MFI: 13
Linear Regression of MFI: 34

Activate Vertical Bar Highlights and/or Signal Flags for:
- MFI Oversold/Overbought. (Default: Highlight Bar)
- MFI Extended Oversold/Overbought. (Default: Highlight Bar)
- MFI crossing its Linear Regression. (Default: Signal Flag)

Users can also do extra tuning in Style Section of Format options.

To user this indicator we need to observe the market's behaviour and identify which settings are fit for the timeframe and type market you trading.

Recommended suggested settings
RSI: 13/14
Linear Regression of RSI: 34/21

The market behaves differently when the pacing changes, volatility change and, when it trends or when it ranges. Develop an understanding of it with the help of this study.

Avoid risking more than 1% per trade. Be responsible for always making a priority about protecting capital and managing risk.

Release Notes:

Several cosmetic and default settings changes to be aligned with main RSI Delta and RSI+ scripts.

RSI Delta

RSI+

Release Notes:

Fast MA now based on Linear Regression.
MFI changed to 14
Base MA changed to 14
Fast MA changed to 14

Release Notes:

• Updated script to look more modern
• simplified script by removing some unnecessary options
• Made change in Cloud calculation.