Jonex1995 wrote: Sun Apr 20, 2025 8:26 pm
hello beautiful people can anyone got some time to make this indicator for MFI ?
MFI (Money Flow Index) Summed with Multi-timeframe & Alerts
Hello, not very beautiful, but made this version.
What is the Money Flow Summed indicator?
Like the RSI Summed indicator created by Mladen, the MFI "Summed" assesses the NNN (next-nearest-neighbour) Money Flow Index values according to the periods defined within the indicator.
It evaluates whether all NNN Stochastic values are positioned above or below a specific threshold. When all values exceed the threshold, it indicates an upward trend; conversely, if all values fall below, it signifies a downward trend. In cases where the values are mixed, the indicator reflects the "Neutral" state.
As explained in our RSI Summed post, the RSI Summed suggests that although some people might argue that this condition can be determined just by looking at the slowest RSI, this view isn't always correct because it heavily depends on the chosen time frames. As a result, this indicator will evaluate all the specified Money Flow Index values.
The periods can be listed using colons to separate them. The default setting is
14;15;16;17;18;19;20;21
.
PS: For addition indicators, please also consider: