OPEN-SOURCE SCRIPT

Function : Stochastic Money Flow Index

This function is similar to the stochastic rsi function.
The only difference is that Money Flow Index is used instead of rsi.
Oversold and overbought values ​​were changed to 80 and 20.
Because the MFI's overbought and overbought zones are 20 and 80.
In MFI, I think that it can be more beneficial in liquid markets than stochastic rsi since volume is taken into account in contrast to RSI.
Regards.
functionhybridMFIMoney Flow Index (MFI)noldoRelative Strength Index (RSI)Stochastic RSI (STOCH RSI)stochmfi

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 publication is governed by House rules. You can favorite it to use it on a chart.

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