Monday, 23 July 2012

Advanced MFI (Money Flow Index)

Made this new indicator based of the Money Flow Index (MFI) indicator that comes with every MetaTrader 4 software. It is nothing too special, as it just displays the appropriate arrow when MFI crosses back over the 80 or 20 level. I've never gave this indicator much thought in the past, but judging by the accurate placement of the arrows I might have to give it a little more thought.