Oscillator averaging Money Flow Index and Bollinger Bands' %B
Colored bars indicate buy or sell signals
I have no idea if this is the right way to combine these two, but I'm gonna try it and see what happens
add names to the plots
Change the combined signal to a min/max formula that only exceeds the bounds when both MFI and %B do. This reduces erroneous signals and more closely matches published MFI/%B strategies.
@Mlnklkm, Thanks for the confirmation! I use 20% and 80% as the default values for the "lower bound" and "upper bound" parameters on this script. They control what range of %b is aligned with 0 and 1 on MFI.