RSI , Money Flow Index, Anormal Relative Volume 3in1 indicator

18 mag 2021

https://www.tradingview.com/x/YKgp5rB8/

RSI , Money Flow Index and Anormal Relative Volume indicator.


How the indicator works ? You have dot's on the top to show you the anormal relative volumes (you can adjust it with the treshold), you have a classical RSI cloud wich give you an quick opinion about the trend momemtum strengh, and the bar on bottom gives you a quick hint on the actual moneyflow stream.

Inputs that you can setup :

- Source
- RSI Lenght
- Neutral level
- Overbought value
- Oversold value
- MFI Lengh
- RV length
- RV Period
- RV Treshold
- RV smoothing value
- RV Breakout Based on

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Remember, an oversold RSI doesn't mean you should BUY an asset, it means the momentum is week on the bull side, the same but opposit for Overbought ;)

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Relative anormal volumes are a good hint on something is happening on an asset, remember, dont put the treshold too low, i recommended min value on 1.25 for stocks, min value 1.5/1.8 for crypto-currencies.

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Have fun !