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Money Flow Index (MFI)

Accumulation/Distribution Percentage (ADP) [Cyrus c|:D]Accumulation/Distribution Percentage ( ADP ) is used to measure money flow similar to Chaikin Money Flow ( CMF ) and Money Flow. It is the range-bound version of my previous indicator ADMF. This indicator can be used for analyzing momentum, buy/sell pressure, and overbought/oversold conditions. I believe that this indicator is more accurate than CMF and MFI (I will publish a TA about it one day!). What to look for: - When this indicator moves up, it means buy pressure is increasing and the other way around for sell pressure. Crossing 0 means that trend has changed in the given period (it is best to look for confirmation of buy/sell pressure in larger TFs) - Overbought above 40 and oversold below -40 (these numbers vary depending on the security. Look for historical levels to determine overbought and oversold conditions of each security) - Regular divergence shows that momentum of a trend is declining. Hidden divergence implies continuation of a trend. The non-bound mode should be more accurate for identifying divergence. - Failure swings can detect potential reversals. Please read Relative Strength Index and Money Flow for more information and similar disclaimers. Recommendations: - hlc3 (AKA typical price) as input source might be better than "close" as it captures more information. If you use hlc3 as a source, then change the chart type to line and set hlc3 as the source for identifying divergence. - Use hybrid tickers e.g.(BITFINEX:BTCUSD+COINBASE:BTCUSD+BITSTAMP:BTCUSD)/3. Volume-based indicators are susceptible to wash trading/volume printing and hybrid tickers mitigate this issue. - In non-bound mode, small TFs with longer length should be more accurate than larger TFs with standard length (same is true for many other indicators) Background: I have developed 4 indicators based on a simple but elegant concept of A/D ratio. A/D ratio is equal to (current close - previous close)/True Range (when there are no price gaps, True Range = High - Low) 1) What you see on ADV indicator as darker green and red is equal to A/D ratio x volume. 2) ADL indicator shows the summation of ADV 3) ADMF (or ADP in non-bound mode) shows Moving Average of ADV 4) ADP shows relative accumulation strength which is calculated as RMA (accumulations)/RMA(accumulation + distribution). ADP equation is based on RSI equation which is RMA(gains)/RMA(gains + losses). That is why these two indicators look quite similar. PS: Please leave a like if you find these indicators useful. I am working on improvements on these and other indicators. I am trying my best to keep them as simple as possible. Please let me know in the comments if you want me to make future indicators even simpler. -------- Complementary indicators based on the same concept: ADL: a replacement for Chaikin's Accum/Dist, On Balance Volume, and Price Volume Trend ADV: a replacement for regular volume indicator ADP also has a scaled RSI and ADMF built in (ie ADMF is obsolete).
Pine Script® indicator
by cI8DH
28
Accumulation/Distribution Money Flow [Cyrus c|:D]This indicator should be more accurate than other indicators in its class (including MFI, CMF, ADL, and OBV) for measuring buy/sell pressure, identifying trend change through divergence and calculating Accumulation/Distribution (A/D) level (I will explain why in a separate TA). This indicator is based on my previous indicator "Accumulation/Distribution Volume". It does not include the volume bars. The volume effect is adjustable as well. Application: - Buy/sell pressure: above 0 shows buy pressure, below 0 shows sell pressure. - Divergence: as shown in the chart above, this indicator diverged from BTC price during swing lows and highs in the shown period. - Accumulation/distribution: set Aggregation=Sum, Volume Exponent=10 and uncheck Price Factor. Recommendations: - Never use SMA - Use larger length EMA for confirmation of divergence or buy/sell pressure (EMA 27 is equal to RMA 14 which is used in RSI). . A/D mode is not recommended for hidden divergence. My Setup: - I use one instances of this indicator with default settings for buy/sell pressure - A second instance for A/D level overlaid on the main chart - One instance of "Accumulation/Distribution Volume" as a replacement for volume indicator This indicator can also replicate Accumulation/Distribution Line (improved by True Range), On Balance Volume, and Price Volume Trend. Read more details on the description of the previous indicator: I strongly recommend reading about similar indicators for potential uses e.g. www.tradingview.com(MFI) and www.tradingview.com(PVT) I will publish a TA about correctly measuring divergence and using these indicators. Please report any problems you find in the comments.
Pine Script® indicator
by cI8DH
57
Volume Factored Relative Strength Index (VFRSI)RSI is an indicator that is dependent only on price. I modified RSI to factor in volume as well. On BTC chart presented above, VFRSI is more accurate than RSI in detecting extreme conditions (green line is VFRSI). In some instances, it seems to be better than RSI in detecting divergences as well (scroll to March 2018). In smaller time frames, it reduces the bart effect present on RSI without compromising responsiveness (unlike moving averages). Features: - Parameterized variables - Includes regular RSI - Includes an adjustable weight factor to reduce the effect of volume. At 0, it is identical to RSI. PS: If you have seen a similar indicator, please let me know. Otherwise, this indicator has the potential to replace regular RSI. Your feedback is very welcome :) c|:D
Pine Script® indicator
by cI8DH
30
Money Flow Index + AlertsThis study is based on the work of TV user Beasley Savage ( ) and all credit goes to them. Changes I've made: 1. Added a visual symbol of an overbought/oversold threshold cross in the form of a red/green circle, respectively. Sometimes it can be hard to see when a cross actually occurs, and if your scaling isn't set up properly you can get misleading visuals. This way removes all doubt. Bear in mind they aren't meant as trading signals, so DO NOT use them as such. Research the MFI if you're unsure, but I use them as an early warning and that particular market/stock is added to my watchlist. 2. Added 60/40 lines as the MFI respects these incredibly well in trends. E.g. in a solid uptrend the MFI won't go below 40, and vice versa. Use the idea of support and resistance levels on the indicator and it'll be a great help. I've coloured the zones. Strong uptrends should stay above 60, strong downtrends should stay below 40. The zone in between 40-60 I've called the transition zone. MFI often stays here in consolidation periods, and in the last leg of a cycle/trend the MFI will often drop into this zone after being above 60 or below 40. This is a great sign that you should get out and start looking to reverse your position. Hopefully it helps to spot divergences as well. 3. Added alerts based on an overbought/oversold cross. Also added an alert for when either condition is triggered, so hopefully that's useful for those struggling with low alert limits. Feel free to change the overbought/oversold levels, the alerts + crossover visual are set to adapt. Like any indicator, don't use this one alone. It works best paired with indicators/techniques that contradict it. You'll often see a OB/OS cross, and price will continue on it's way for many weeks more. But MFI is a great tool for identifying upcoming trend changes. Any queries please comment or PM me. Cheers, RJR
Pine Script® indicator
by DreamsDefined
44
uncharted1 - Momentous v2Study using RSI, StochRSI, and MFI indicators. Mix and match to find your best entries and exits using these indicator combinations. All the switches are in the Inputs page so have fun with it. Alert setups are easy. I created this primarily for crypto currencies and long positions. Perfect for users of AutoView. Backtest component by @pbergden included. Alert conditions are easy enough to set up. Just use 'Buy Alert' and 'Sell Alert'.
Pine Script® indicator
by uncharted1
1
MFI Multi-TimeframeThe Money Flow Index (MFI) is an oscillating momentum and market strength indicator that was developed by Gene Quong and Avrum Soudack. It is also a leading indicator, which means it tends to lead price action, and is similar in calculation as J. Welles Wilder's Relative Strength Index (RSI) with the significant difference being that the MFI uses both price and volume. Like the RSI, the MFI is a range-bound oscillator that oscillates between zero and 100 and is interpreted in a similar way as the RSI. The ultimate aim of the MFI is to determine whether money is flowing in or out of a security over a specified look-back period. HOW IS IT USED ? The MFI oscillates between 0 and 100 and a security is considered overbought when its MFI rises above 80 and oversold when its MFI falls below 20. These levels are the suggested overbought and oversold levels as suggested by Quong and Soudack, though they do not suggest these levels as entry signals. Instead, these caution levels warn that the price action and the current trend have reached extremes that may be unsustainable. Quong and Soudack also recommend using the 90 and 10 lines as truly overbought and truly oversold levels respectively. MFI movements above 90 and below 10 are rare and indicate a higher level of unsustainability. Finally, failure swings from the 20 or 80 levels can also be used to identify potential price reversals and trade entries. A failure swing occurs when the MFI moves over the overbought or oversold level but reverses back before reaching the opposite level. Thus, when the MFI crosses up over the 20 (oversold) level but reverses before it reaches the 80 (overbought) level, it indicates that the uptrend is weak and that it may reverse soon. This signals that you should cover any long positions or go short. Similarly, when the MFI crosses down over the 80 (overbought) level but reverses before it reaches the 20 (oversold) level, it indicates a weakness in the down trend and the probability that the trend will reverse. This would be a signal to close of any short positions; or a signal to long buy. I added the possibility to add on the chart a 2nd timeframe for confirmation. If you found this script useful, a tip is always welcome... :)
Pine Script® indicator
by KenLeShim
5
Money Flow Index - Beasley SavageThe Money Flow Index indicator (MFI) is a tool used in technical analysis for measuring buying and selling pressure. This is done through analyzing both price and volume. The MFI's calculation generates a value that is then plotted as a line that moves within a range of 0-100, making it an oscillator. When the MFI rises, this indicates an increase in buying pressure. When it falls, this indicates an increase in selling pressure. The Money Flow Index can generate several signals, most notably: overbought and oversold conditions, divergences, and failure swings.
Pine Script® indicator
by BeasleySavage
2
[Vold] MFV + EMA + STDEVThis indicator is a combination of Money Flow Volume with an Exponential Moving Average of the MFV and a Standard Deviation. The default setup is better suited for the 1H timeframe. The indicator shows Money Flow Volumes in bars positive and negative, an area which is the EMA of MFV of (20 default) periods, and the STDEV of that EMA (2 default multiplier/factor), when a MFV is greater than the upper limit or lower limit (given by the standard deviation of EMA of MFV), they show an extraordanary behaviour which can be attributed to FOMO (green), OPPORTUNITY (blue), FEAR (yellow), PANIC (RED). Generally the indicator does not help to make a decision in real time, but it helps to determine what could come next after what is shows in the previous periods, for example: In the chart there is a MFV bar that shows that a there's a candle that shows a reversal backed by a decent ammount of volume, if it's enough to turn the MFV EMA from fuchsia to green in the next 1-2 candles you can be pretty confident that it was an actual reversal.
Pine Script® indicator
by Vold316
2
Crypto Money Bot - Trading Bot for Bitcoin (BTCUSD)This takes my previous script, adds even more logic conditions, and sets up long and short entries in a strategy that can trade. Default settings with a $5,000 starting balance have shown this bot to get the following results: Net Profit: $ 10302.70 / 206.05 % EXAMPLES LOGIC This indicator looks for accumulation of buying and selling along with trend flows for oversold and overbought opportunities to align the trade entries. It does not trade all the time, but when it does pull a trade the success rates are higher. You could choose to pair this with another indicator to do a manual entry, or to manage your stop losses and money management strategy. PROOF Check out the reviews on the original indicator that this is built upon (and more logic) is here: NOTES You can try this strategy on other charts if you want, it is only tested and supported on BTCUSD. To try it on ETHUSD, change the settings from BTC to ETH. If you get a "resolve_error" it means that specific coin is not supported. ACCESS If you'd like to use my custom indicator - send 0.05 BTC to 32Hagdtq7PCR4inF4ZPkCReEjyecm2eNaP then email me at samurai_crypto@protonmail.com with your TradingView username and your transaction ID and I will add you. Costs are lifetime with full support via email on how to use it.
Pine Script® strategy
by alsop
9
Crypto Money Flow RatioThis indicator shows you the movement of buyers and sellers in the market. Combined with other indicators like Stochastic RSI it can be a very powerful early indicator to buy and exit. In this example, there are two moving averages applied to the indicator (at the bottom). Once the Fast crosses the Slow and the area is above both - this tells you the major market players are accumulating and you should be looking to long. In addition, Stochastic RSI is also oversold and Ichimoku shows price above the cloud - all confluence on a long trade. As you can see, in the next hour price rocketed. This size of move isn't always common, and this move may have been due to news. Even if so, people were aware and started buying and you could see it happen. Another example here with DASH. In this example, you can see there was a previous bull move that we applied a fib to and had a 38% retracement. We bought on the indicator cross and ratio above averages with a target of a 38% extension. It hit almost exactly and we closed out. To apply this to other currencies, change the settings. For example, for ETHUSD - change the setting from BTC to ETH. BITFINEX:BTCUSD
Pine Script® indicator
by alsop
12