Figure 1. Indicator MFIWithFlat

MFIWithFlat – indicator MetaTrader 5

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Money Flow Index with the market flat state detection option. If the market is flat, the colored indicator cloud shrinks and is located at the value of 50, and a thick gray line appears. The criterion for determining this state is a shrunk Bollinger. The critical Bollinger shrink value is fixed by a half of its bandwidth and defined in the indicator input:

input uint flat=100; // flat value in points

Figure 1. Indicator MFIWithFlat

Figure 1. Indicator MFIWithFlat


MFIWithFlat – indicator MetaTrader 5
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Alternative:  Ang_Zad_C_Hist_Candle - indicator MetaTrader 5

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