OPEN-SOURCE SCRIPT

Stochastic MFI

Due to some similarity of the Relative Strength Index(RSI) and Money Flow Index(MFI), I thought of creating a Stoch MFI inspired by the Stoch RSI.

- can be used similar to the Stoch RSI
- useful for pullback during trending markets and for S&R trading during ranging markets

TAYOR!
Money Flow Index (MFI)OscillatorsStochastic Oscillator

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.

Want to use this script on a chart?

Disclaimer