MFI RSI w STOCH OVERLAY V3Combines: Relative Strength (purple) and RSI Stoch (Orange/gray), Money Flow (green) all in one indicator window.
On screen indicator text identifier will read in this order: "RSI/STOCH/MFI V3"
// Changes from original version \\
It was important to bring forth the RSI indicator as the most visually important line and its relationship to the background.
A: Major visual changes from my first published one..as default now
1: Increased RSI line to size 3
2: Increased MFI line to size 2
3: Separated all Bar Line Fields in the background for custom editing, total of 5 now. Much easier to distinguish when the RSI enters these fields.
B: Other major changes as default now
1: Sped up the indicators from 14 to 11, for quicker response. (user can adjust back to 14 or another number)
2: Increased user friendly inputs to adjust colors, lines, data, etc.
3: (darken / lighten and change background colors, increase/decrease line strengths and colors, adjust field data inputs)
Enjoy and Good Luck Trading.
MFI
MFI - Money Flow Index [UTS]Money Flow Index (MFI) is the technical indicator, which indicates the rate at which money is invested into a security and then withdrawn from it.
Construction and interpretation of the indicator is similar to Relative Strength Index with the only difference that volume is important to MFI.
Usage:
When analyzing the money flow index one needs to take into consideration the following points:
divergences between the indicator and price movement. If prices grow while MFI falls (or vice versa), there is a great probability of a price turn;
Money Flow Index value, which is over 80 or under 20, signals correspondingly of a potential peak or bottom of the market.
Common known variants of this type of indicator are the On Balance Volume, Chaikin Oscillator or Chaikin Money Flow.
Based on www.metatrader5.com
RSI + RSI STOCHASTIC + MFICombines: Relative Strength (purple) and RSI Stoch (Orange/gray), Money Flow (green) all in one indicator window.
Open Interest Stochastic Money Flow IndexThis is the improved version of Stochastic Money Flow Index script that uses Open Interest instead of volume in Future markets.
I think it will make a difference especially in Future and CFD markets.
Since the system will pull data from Quandl, CFTC reports may cause repaint when disclosed.
So if you use it during the weekly time frame (1W), it will definitely not repaint.
You can also use the volume by selecting "Others" from the menu.This option applies to each instrument, you can use it on any financial instrument with or without COT data.
Bitcoin is included in the "Futures" option.
In Futures, you can observe the difference of Open Interest's success by comparing, since it counts exchanges between the two parties singularly, it reacts more firmly to speculative movements.
This script also includes alerts and bar color options, you can use from the menu.
It is also suitable for mutable variables.This script was freed from the integer loads.You can modify it in any adaptive or fractional period.
I hope it will help your analyzes, regards .
Function : Stochastic Money Flow IndexThis function is similar to the stochastic rsi function.
The only difference is that Money Flow Index is used instead of rsi.
Oversold and overbought values were changed to 80 and 20.
Because the MFI's overbought and overbought zones are 20 and 80.
In MFI, I think that it can be more beneficial in liquid markets than stochastic rsi since volume is taken into account in contrast to RSI.
Regards.
Multi momentum indicatorScript contains couple momentum oscillators all in one pane
List of indicators:
RSI
Stochastic RSI
MACD
CCI
WaveTrend by LazyBear
MFI
Default active indicators are RSI and Stochastic RSI
Other indicators are disabled by default
RSI, StochRSI and MFI are modified to be bounded to range from 100 to -100. That's why overbought is 40 and 60 instead 70 and 80 while oversold -40 and -60 instead 30 and 20.
MACD and CCI as they are not bounded to 100 or 200 range, they are limited to 100 - -100 by default when activated (extras are simply hidden) but there is an option to show full indicator.
In settings there are couple more options like show crosses or show only histogram.
Default source for all indicators is close (except WaveTrend and MFI which use hlc3) and it could be changed but for all indicators.
There is an option for 2nd RSI which can be set for any timeframe and background calculated by Fibonacci levels.
Open Interest Money Flow Index (OIMFI)CAUTION : This system was inspired from seiglerj' s "Money Flow Index " script. Open Interests are used instead of volume.
What is the Money Flow Index ( MFI )?
The Money Flow Index ( MFI ) is a technical oscillator that uses price and volume for identifying overbought or oversold conditions in an asset. It can also be used to spot divergences which warn of a trend change in price. The oscillator moves between 0 and 100.
Unlike conventional oscillators such as the Relative Strength Index ( RSI ), the Money Flow Index incorporates both price and volume data, as opposed to just price. For this reason, some analysts call MFI the volume-weighted RSI .
What Does the Money Flow Index ( MFI ) Tell You?
One of the primary ways to use the Money Flow Index is when there is a divergence. A divergence is when the oscillator is moving in the opposite direction of price. This is a signal of a potential reversal in the prevailing price trend.
For example, a very high Money Flow Index that begins to fall below a reading of 80 while the underlying security continues to climb is a price reversal signal to the downside. Conversely, a very low MFI reading that climbs above a reading of 20 while the underlying security continues to sell off is a price reversal signal to the upside.
Traders also watch for larger divergences using multiple waves in the price and MFI . For example, a stock peaks at $10, pulls back to $8, and then rallies to $12. The price has made two successive highs, at $10 and $12. If MFI makes a lower higher when the price reaches $12, the indicator is not confirming the new high. This could foreshadow a decline in price.
The overbought and oversold levels are also used to signal possible trading opportunities. Moves below 10 and above 90 are rare. Traders watch for the MFI to move back above 10 to signal a long trade, and to drop below 90 to signal a short trade.
Other moves out of overbought or oversold territory can also be useful. For example, when an asset is in an uptrend, a drop below 20 (or even 30) and then a rally back above it could indicate a pullback is over and the price uptrend is resuming. The same goes for a downtrend. A short-term rally could push the MFI up to 70 or 80, but when it drops back below that could be the time to enter a short trade in preparation for another drop .
Reference : www.investopedia.com
WARNING :
** Since each instrument in the list has its own unique contract data, you must first enter its name to display it. I recommend you to select OANDA from the markets. Finally, when the COT reports are issued, it may repaints. However, this repaint is usually close to closing or after close .(When COT reports are so sharp ) So use this script only 1W ( 1 week ) or 1 M ( 1 month ) timeframe.
** This data is taken to Tradingview with the help of Quandl. This is a very low possibility, but the system will not work if there is a malfunction.
FEATURES :
*** Working with all futures (Including : Bitcoin )
*** If you dont work with "Futures" , you can select "Others" from switchable menu and use volume for all instruments.
*** New generation elegant design used : Adaptive coloring Overbought - Oversold Levels according to the closing price.
NOTE : This code is open source under the MIT License. If you have any improvements or corrections to suggest, please send me a pull request via the github repository github.com
Stay tuned. Best wishes !
Function : Bollinger Bands and BBW Squeeze DetectorThis script shows Bollinger Bands function and want to detect Bollinger Band Width Squeeze with a successful, different perspective .
Bollinger Bands : You can specify the Bollinger Bands periods as mutable variables .
Bollinger Band Width Squeeze : First the Bollinger bands width was calculated.The width was then divided into levels using the money flow index.
Thus, the bollinger takes into account the available volume averages when calculating the band width mfi (Money Flow Index).
After this modelling, we can limit and color the lower limit and upper limits just as Relative Strength Index.
We can even put warnings on oversold areas if desired. Let's not forget that we are working with width rather than price.
By design, squeeze areas are defined directly above the Bollinger Bands with coloration. I think it is very practical and looks stylish.
I tried and found it quite successful and wanted to share it with users.
I came up with many ideas when I wrote this system, and I will share them very soon . I hope it will be useful to users and give new ideas.
Best regards.
MFI Reloaded @ByPuppyTherapyThe goal was to create a nicer cleaner and yet a practical version of the
MFI indicator. MFI or Money Flow Index is a momentum-based oscillator. It is very similar to the RSI but enhanced with
volume in its calculation.
This version of MFI features :
- Cleaner visualization
- EMA Band Ribbon to see the trend without noise
- Long Term MFI smoothed via T3 that sets the actual trend
- basic TDI like functionality with two bands and Sharkfins / Hooks
- the Sharkfins / Hook signals are generated in the direction of the MFI Trend
MFI Divergence v2Edited the RSI div indicator by Libertus to use MFI & show on candles. V2 update filters the divs using stochastic oversold & overbought & removes the lagging signals (they were offset back by 1 bar).
Default settings were tuned for xbtusd 1hr; works well if after a signal you wait for a stochastic indicator to stop being oversold or overbought, so if eg. you see a cluster of sell signals at a top, wait for the stoch to cross below 80 before entry. Please backtest before trading with this, DYOR NFA GLHF!
MFI DivergenceThis is an edit of the RSI divergence indicator by Libertus (thanks!). Play around with the settings, you'll want to tweak length & lookback per market & timeframe.
MACD LB MFIThis script includes MACD histogram plus MFI in four states
All backgrounds are compared to previous bar in +/- 10%
1. Green (green) + Volume + Range (++)
2. Fading (yellow) - Volume - Range (--)
3. False (gray) - Volume + Range (-+)
4. Crouching (red) + Volume - Range (+-)
RSI MFI with alertsModified from the various scripts I've found on TradingView. This scripts adds alerts for oversold overbought conditions. It also has the ability to add in another RSI at a different time interval.
I've also added an MFI with bollinger bands to the chart to preceed the RSI. This can sometimes tell you the direction the RSI is moving. usually when it is out of the bollinger bands on the MFI the price/RSI tends to slow.
Minimal Godmode 1.0// Acknowledgements:
// Original Godmode Authors:
// @Legion, @LazyBear, @Ni6HTH4wK, @xSilas
// Drop a line if you use or modify this code.
// Godmode 3.1.4: @SNOW_CITY
// Godmode 3.2: @sco77m4r7in and @oh92
// Godmode3.2+LSMA: @scilentor
// Godmode 4.0.0-4.0.1: @chrysopoetics
// Jurik Moving Average: @everget
// Minimal Godmode v1.0:
// Removed BITSTAMP:BTCUSD, added presets for 9-26-13 and 17-6-4, added more exchanges + USDT and USDC pairs to multi-exchange option
// JMA smoothing - more responsive + less lag than SMA at equivalent length settings
// Minor cosmetic changes to account for pinescript 3 transparency and z-order
Market Facilitation Index - MFIUsing Market Facilitation Index - MFI you will be able to recognise two important metrics:
Whether the current trend is strong enough to trade it.
When a new trend may start.
MFI combines changes in price (range) and volume. Here is the formula:
MFI = (High – Low) * Volume
The indicator has bars of four colours. Each colour has a specific meaning and shows how the market responds to a change in volume.
Green. A green bar forms in the situation that both MFI and the volume are up. It means that more and more traders join the market in the current direction. In other words, it points to a strong trend, so you can open trades in line with this trend.
Brown. A brown bar appears when both MFI and the volume decline. It is also called “fade”. It signals that traders are hesitating and don’t want to continue the trend anymore. As a result, it’s not recommended to join the trend. Several brown bars are a sign of the potential reversal of the trend.
Blue. A blue bar forms when MFI increases, but the volume declines. A spike in price may be short-lived a precede a change in the trend. Blue bars appear at the times when newbies enter the trend, but professional traders know that it’s already too dangerous.
Pink. A pink bar, also known as squat, appears when MFI is diminishing, but the volume is growing. It reflects an increase of trading interest and an active fight between buyers and sellers. After one of the sides wins, the price will likely make a big move breaking support or resistance levels. The MFI, however, can’t be used to determine the direction of the breakout.
Top 5 coins cummulated Upvol/Dnvol and Money FlowThis script reads price and volume information for the top 5 coins (on 9 exchanges, a total of 29 pairs), calculates the cummulative upvolume and downvolume according to the Money Flow (MFI) formula, and shows upvolume and downvolume separately on the chart as a green and a red line.
The coins used are BTC, ETH, LTC, XRP and EOS. They are the top 5 coins by daily volume, as of 24th of February 2019.
Because of the many security() calls needed, the script is VERY slow, so have lots of patience.
I find it useful as a broad crypto market indicator - for example to compare the current pump with the pumps in the past.
Can also calculate the aggregated Money Flow (MFI) if you check that option in the indicator's configuration. Make sure to wait for recalculation and rescale the chart afterwards - MFI has a value from 0 to 100 and you may need to zoom in.
Godmode 4.0.1 [Correlator]First off, a huge thank you to the following people:
@LEGION:
@LazyBear: www.tradingview.com
@xSilas: www.tradingview.com
@Ni6HTH4awK: www.tradingview.com
@sco77m4r7and:
@SNOW_CITY: www.tradingview.com
@oh92: www.tradingview.com
@alexgrover: www.tradingview.com
@cI8DH: www.tradingview.com
@DonovanWall: www.tradingview.com
This is my second iteration of Godmode. This time I allowed the possibility to correlate two benchmarks against one another, thereby giving you twice the signals (once there's a strong correlation between the two, inverse or otherwise). That aside, there are no changes to this indicator that the first iteration doesn't have:
There are still more iterations planned, but if you guys have any ideas or wishes regarding what direction I go, then please let me know.
Want to Learn?
If you'd like the opportunity to learn Pine but you have difficulty finding resources to guide you, take a look at this rudimentary list: docs.google.com
The list will be updated in the future as more people share the resources that have helped, or continue to help, them. Follow me on Twitter to keep up-to-date with the growing list of resources as well as any other scripts I publish.
Suggestions or Questions?
Don't even kinda hesitate to forward them to me. My (metaphorical) door is always open.
Godmode 4.0.0 [Oscillator]First off, a huge thank you to the following people:
LEGION:
LazyBear: www.tradingview.com
xSilas: www.tradingview.com
Ni6HTH4awK: www.tradingview.com
sco77m4r7and:
SNOW_CITY: www.tradingview.com
oh92: www.tradingview.com
alexgrover: www.tradingview.com
cI8DH: www.tradingview.com
DonovanWall: www.tradingview.com
Since I've been on TradingView I've become somewhat enthralled by Godmode and the collective work that goes in to it, so I decided to publish my own iteration, building off the ideas already present. (This is a great way to get familiar with Pine by the way, just in case there are any beginners reading this)
Changes
The first change I made was to allow the user to select whatever tickerid they wanted as a benchmark. If trading XBTUSD on BitMEX for example, the indicator will react to exchange-specific activity, which means it will respond to all the little whipsaws, whipsaws that can be especially present on a futures exchange. By typing CRYPTOCAP:BTC or CRYPTOCAP:TOTAL we endeavor to remove noise. It can also signal earlier. Less noise and less lag. Another idea would be to choose a benchmark that has a strong inverse relationship with the asset you're trading: try CRYPTOCAP:USDT as the benchmark against BTC to see what I mean.
I also added the ability to smooth the plot, yet again removing noise but adding considerable lag.
The linear regression of the wave-trend is calculated in place of the EMA. This is plotted as columns with the midline (50) as the base. This is just calculating the slope of the wave-trend and can signal a weakening trend before a reversal takes place.
Using cI8DH's True RSI script () as inspiration, I added a function for calculating the True TSI in an attempt to remove any bullish bias. Funnily enough, when I tried to do the same with the RSI I had some problems. I'll try to resolve this in the coming weeks.
Made slight changes to the aesthetics. Tried to bring the two main plots alive by making their bold, opaque colors stand off the subtle tones in the background.
To Do List
1. I would like to sort out the issue with the True RSI.
2. When the plots are smoothed, there's an issue with the green 'Caution!' dots appearing in the lower half of the indicator.
3. I'd like to adjust the code so that if the 'Benchmark' box is empty, that it will automatically register the current tickerid as the 'Benchmark'.
If anyone has any suggestions on other fixes or how to apply the fixes mentioned by me, please don't hesitate to reach out to me here or through other media platforms.
Want to Learn?
If you'd like the opportunity to learn Pine but you have difficulty finding resources to guide you, take a look at this rudimentary list: docs.google.com
The list will be updated in the future as more people share the resources that have helped, or continue to help, them. Follow me on Twitter to keep up-to-date with the growing list of resources.
Suggestions or Questions?
Don't even kinda hesitate to forward them to me. My (metaphorical) door is always open.
BITMEX:XBTUSD
CRYPTOCAP:BTC
CRYPTOCAP:TOTAL
CRYPTOCAP:USDT.D
MFIww MFI/RSI_v2[wozdux]A new version of the indicator Mfi_v2. Added new control parameters.
tt - the averaging period of the volume.
Len - the period for calculating the MPI.
nn-averaging period MFI (blue line). level-critical levels from below and above (black horizontal lines).
Level 0 or 50 - switch between different histogram views with the middle at either level 50 or level 0.
key level-key to remove black critical levels.
key ema (MFI, nn) - key to remove mfi averaging (blue line).
key color-key to remove histogram coloring.
key colomns a-line - key switching modes represent the mfi histrogram or line.
---------------------------
Новая версия индикатора MFIww_v2. Добавлены новые управляющие параметры.
tt- период усреднения объема.
Len - период вычисления MFI.
nn- период усреднения MFI (голубая линия).
level- критические уровни снизу и сверху (черные горизонтальные линии).
Level 0 or 50 - переключение между разными представлениями гистрограммы с серединой либо на уровне 50 , либо на уровне 0.
key level- ключ убрать черные критические уровни.
key ema(mfi,nn) - ключ убрать усреднение mfi (голубая линия).
key color- ключ убрать расцветку гистрограммы.
key colomns-line - ключ переключения режимов представления mfi гистрограммой или линией.
MFIww2 MFI/RSI [wozdux]Bill Williams indicator (MFI).
The indicator calculates the range of oscillations per unit volume. In fact, this indicator shows the tick volume or the readiness of the market to move the price.
The indicator is presented as vertical columns or as a line with levels.
Vertical columns are painted in different colors depending on the displacement of the indicator and the displacement of the volume. The indicator can increase or decrease (+-). The volume can also increase or decrease (+-). The combination of these factors generates four types of indicator columns.
++ lime
+- dark green
-+ red
-- orange
The red bar on Williams is a squat bar. This bar is important for market reversal indication.
-------------------------------
Индикатор Билла Вильямса (MFI).
Индикатор вычисляет диапазон колебаний на единицу объема. Фактически этот индикатор показывает тиковый объем или готовность рынка переместить цену.
Индикатор представлен в виде вертикальных колонок или в виде линии с уровнями.
Вертикальные колонки раскрашены в различные цвета в зависимости от смещения индикатора и смещения объема. Индикатор может увеличиваться или уменьшаться (+-). Объем также может увеличиваться или уменьшаться (+-). Сочетание этих факторо порождает четыре вида столбиков индикатора.
++ салатный
+- темно-зеленый
-+ красный
-- оранжевый
Красный столбик по Вильямсу есть приседающий бар. Этот бар важен для индикации разворота рынка.