Money Flow Index (MFI)

User request. A tuned version of the built-in True Strength Index (TSI) indicator with the following options included:
  • MFI - Signal Histogram
  • MFI /Signal Crossovers
  • MFI /Signal Ribbon
  • Bands breakouts highlighting
  • Middle line crossovers background

Release Notes:
  • Change default Overbought Level to 80
  • Change default Oversold Level to 20

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.

Want to use this script on a chart?