Dziwne MFI Overlay (with highlight)

It is simply your traditional MFI, except that your 50 line became the actual price.

Why and how could it be useful? This indicator helps to spot more easily and efficiently divergences.

You could also use it for trend reversals as you usually do with your 50 line, but I would suggest to set a higher length for the MFI, like 155 or something like that.

Note di rilascio

Updated. Calculations totally rethought. I also added the overbought and oversold areas on the graph (you can disable it).

Note di rilascio

Changed the default mult value from 8 to 10.

Note di rilascio

Added :
— Source customisation (added it as an input and is now fully customisable)
— Easy color customisation (now available in the input menu, you can now create your own color scheme more easily)
— Possibility to hide OB and OS lines (added in the input section)
Minor changes :
— Translated the title parts in English to help understrand how everything is calculated more easily
— Renamed some variables to be more consistent in the code
— Changed the linewidth of the MF line to 1
— Changed the transparency of the highlight and background colors from 90 to 85 to be a tiny bit more visible
Removed :
— Removed EMA smoothing for more precision

Script open-source

In pieno spirito TradingView, il creatore di questo script lo ha reso open-source, in modo che i trader possano esaminarlo e verificarne la funzionalità. Complimenti all'autore! Sebbene sia possibile utilizzarlo gratuitamente, ricorda che la ripubblicazione del codice è soggetta al nostro Regolamento.

DZIV

Declinazione di responsabilità

Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.

Script open-source

DZIV