OPEN-SOURCE SCRIPT

RSI+MFI Visualizer

RSI+MFI Visualizer

The RSI+MFI Visualizer is a simple yet effective indicator that combines price momentum and volume dynamics into one clear visual representation. It is designed to help traders quickly identify market trends, momentum shifts, and overbought/oversold conditions.


Here’s a description tailored for publishing your RSI+MFI Visualizer script:

RSI+MFI Visualizer
The RSI+MFI Visualizer is a simple yet effective indicator that combines price momentum and volume dynamics into one clear visual representation. It is designed to help traders quickly identify market trends, momentum shifts, and overbought/oversold conditions.

Key Features:
RSI+MFI Calculation:

This indicator blends the Relative Strength Index (RSI) and Money Flow Index (MFI), providing a unique perspective on price action and volume movement.

Dynamic Visualization:

-Green Line: Indicates positive RSI+MFI values, suggesting bullish momentum.
-Red Line: Indicates negative RSI+MFI values, suggesting bearish momentum.
Zero Line Reference:

A dotted zero line makes it easy to distinguish between bullish and bearish market conditions.
Customizable Parameters:

Flexible input settings for RSI+MFI period and multiplier to suit different trading styles and timeframes.

How to Use:

Trend Identification:
Use the green and red lines to gauge bullish or bearish momentum in the market.

Reversal Signals:
Look for crossovers of the zero line to spot potential trend reversals.

Overbought/Oversold Zones:
Pair this indicator with other tools like RSI or Stochastic for enhanced accuracy.
FLOWindexMFImoneyMoney Flow Index (MFI)multitimeframerelativeRelative Strength Index (RSI)rsimfi

Script de código abierto

Siguiendo fielmente el espíritu de TradingView, el autor de este script lo ha publicado en código abierto, permitiendo que otros traders puedan entenderlo y verificarlo. ¡Olé por el autor! Puede utilizarlo de forma gratuita, pero tenga en cuenta que la reutilización de este código en la publicación se rige por las Normas internas. Puede añadir este script a sus favoritos y usarlo en un gráfico.

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