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Mr_Orange

MFI RSI Confluence [Mr_Orange]

Mr_Orange  
Money Flow Index (MFI) Relative Strength Index (RSI) MFI confluence
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moneyflow relativestrengthindex mfi confluence
This script uses both MFI and RSI to create a buy or sell signal. At the moment it is used for scalping on the 15m timeframe.
Oversold and Overbought conditions are adjustable.

For a sell signal, at the moment the RSI and MFI need to be overbought and the RSI needs to drop.
For a buy signal, at the moment the RSI and MFI need to be oversold

future update will contain extra confirmation by making the rise and drop of the RSI and MFI taken into the calculation.
Protected script
This script is published closed-source but you may use it freely. You can favorite it to use it on a chart. You cannot view or modify its source code.
Disclaimer

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