This is a Money Flow Index oscillating wave indicator that also has preset levels that can be adjusted by the user in the settings. The levels indicate how deep or high the waves are moving to
i use this indicator when scalping and on all time frame charts, i like to watch for certain patterns forming either at the lower levels for longs or at the higher levels for shorts.
This indicator is smoothed for Heikin Ashi candles, and does RSI in the calculation. MFI uses volume and price change.
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Have added a level counter so you can always see what the level of the MFI is at. option to turn this off and turn the Level lines back on as well
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Added Gradient option to waves and counter, to use uncheck Solid and check Gradient in Input Settings
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fixed color direction
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Added a baseline cross signal, this can be toggled On/Off Added alerts for a baseline cross
why did you define a MFI function if you don't need it? In this formula only the SRC is smoothed.
This function i mean:
mfi(PriceSrc, PeriodLength) =>
mfiPos=sum(volume*(change(PriceSrc)<=0?0:PriceSrc),PeriodLength)
mfiNeg=sum(volume*(change(PriceSrc)>=0?0:PriceSrc),PeriodLength)
rsi(mfiPos,mfiNeg)