Oscar118

MFI v1.0 Normal and Dinamic (Totals)

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The normal MFI script use an RSI in the formula so the quantity of movments are not visible, this script allows you to see how much volume is being trade at the moment, so you can detect unusual levels, but you will no be allowed to see the RSI (0-100)* so I suggest to use this script with a normal MFI

Features:
+ Normal MFI length (14)
+ Green bars show the total of money trade of the bars that are going up
+ Red bars show the total of money trade when of the bars that are going down
+ Dinamic calculation (Optional)(Bellow)

Normal MFI use hlc3 ((high+low+close)/3) * ( volume ) to calculate each bar

The dinamic MFI: (This is an optional feature, if you dont active it you will use the normal MFI calculation)

(The information bellow is experimental and theorical only, you can use it or not in the script with the Dinamic option)
Dinamic MFI divides the bar and volume in three parts.

Volume is corresponding on each part ex. If the bar has not a top or lower wick the 100% of volume is in the middle... ex 2 If the 50% of the bar is a top wick, the 50% of volume is in the top wick

Top wick: Is calculated this way
If the bar is red (high-open)*volume of top wick
or
If the bar is green (high-close)*volume of top wick

Middle: Is calculated this way
If the bar is green (close-open)*volumemiddle
or
If the bar is red (open-close)*volumemiddle

Lower wick
If the bar is red (close-low)*volume of lower wick
or
If the bar is green (open- low)*volume of lower wick
Notas de prensa: + Now a line could be plotted instead of the bars as a normal MFI
Script de código abierto

Siguiendo el verdadero espíritu de TradingView, el autor de este script lo ha publicado en código abierto, para que los traders puedan entenderlo y verificarlo. ¡Un hurra por el autor! Puede utilizarlo de forma gratuita, aunque si vuelve a utilizar este código en una publicación, debe cumplir con las Normas internas. Puede marcarlo como favorito para usarlo en un gráfico.

¿Quiere utilizar este script en un gráfico?

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