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kaaiii

Scalpy MFI

kaaiii  
Oscillators Volatility Moving Averages scalpy MFI sma scalping
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oscillator volatility movingaverage scalpy mfi sma scalping
*Modified version of my Scalpy indicator replacing RSI with MFI*
It is made up of a 2 main parts.

- The cloud comprising of a 10 period SMA and a 30 period SMA .

- When the cloud is green you should be looking for long entries.
- When the cloud is red you should be looking for short entries.
- Price is most bullish above a green cloud and most bearish below a red cloud.
- Being within the cloud indicates indecision.

The red line represents the MFI
Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

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