OPEN-SOURCE SCRIPT
已更新

Dynamic Threshold Money Flow Index

410
i thought this script was a clever idea, but the more i tried to improve it, the worse it seemed to get.

the idea behind this script was to build a context around a Money Flow Index that changes based on market conditions.

the width of the channel is controlled by a combination of the choppiness index and an inverted, normalized, absolute value of the ROC. when the market begins trending, the channel narrows, making the MFI more likely to break out of the channel in the direction of the emerging trend. as the market becomes more choppy and the trend diminishes, the channel widens, recapturing the MFI.

my initial hopes for this script was that the context-based thresholds would spare the user from choppy markets, but perhaps i need to make the channel non-linear.
發行說明
updating picture

免責聲明

這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。