OPEN-SOURCE SCRIPT
Multi Perdiod Smoothed Money Flow Index
Using the Built in function of the Money Flow Index, except it plots three different smoothed lengths of the MFI.
(The Money Flow Index (MFI) is a technical indicator that generates overbought or oversold signals using both prices and volume data.)
This indicator plots three smoothed lines of the Money Flow Index, each with different period length. The idea here is that having multiple signals given from analysing different period lengths should minimise the amount of false signals taken by the MFI.
Idea taken from the existence of the same styled indicator for Stochastics.
(The Money Flow Index (MFI) is a technical indicator that generates overbought or oversold signals using both prices and volume data.)
This indicator plots three smoothed lines of the Money Flow Index, each with different period length. The idea here is that having multiple signals given from analysing different period lengths should minimise the amount of false signals taken by the MFI.
Idea taken from the existence of the same styled indicator for Stochastics.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.