Market Facilitation Index (BW MFI) – indicator MetaTrader 5

Market Facilitaion Index indicator
Market Facilitation Index technical indicator (BW MFI) is the indicator which shows the change of price for one tick. Absolute values of the indicator do not mean anything as they are, only indicator changes have sense. Bill Williams emphasizes the interchanging of MFI and volume: Market Facilitation Index increases and volume increases – this points … Read more

Money Flow Index (MFI) – indicator MetaTrader 5

Money Flow Index indicator
Money Flow Index (MFI) is the technical indicator, which indicates the rate at which money is invested into a security and then withdrawn from it. Construction and interpretation of the indicator is similar to Relative Strength Index with the only difference that volume is important to MFI. When analyzing the money flow index one needs … Read more

MQL5 Wizard – Trade Signals Based on 3 Black Crows/3 White Soldiers + MFI – EA MetaTrader 5

Fig. 1. "3 Black Crows" candlestick pattern
The MQL5 Wizard allows creating ready-made Expert Advisors based on the Standard library classes delivered together with the client terminal (see Creating Ready-Made Expert Advisors in MQL5 Wizard for the details). It allows to check your trade ideas quickly, all you need is to create your own trading signals class. The structure of this class … Read more

MQL5 Wizard – Trade Signals Based on Dark Cloud Cover/Piercing Line + MFI – EA MetaTrader 5

Fig. 1. "Dark Cloud Cover" candlestick pattern
The MQL5 Wizard allows creating ready-made Expert Advisors based on the Standard library classes delivered together with the client terminal (see Creating Ready-Made Expert Advisors in MQL5 Wizard for the details). It allows to check your trade ideas quickly, all you need is to create your own trading signals class. The structure of this class … Read more

MQL5 Wizard – Trade Signals Based on Bullish Engulfing/Bearish Engulfing + MFI – EA MetaTrader 5

Fig. 1. "Bullish Engulfing" candlestick pattern
The MQL5 Wizard allows creating ready-made Expert Advisors based on the Standard library classes delivered together with the client terminal (see Creating Ready-Made Expert Advisors in MQL5 Wizard for the details). It allows to check your trade ideas quickly, all you need is to create your own trading signals class. The structure of this class … Read more

MQL5 Wizard – Trade Signals Based on Bullish Harami /Bearish Harami + MFI – EA MetaTrader 5

Fig. 1. "Bullish Harami" candlestick pattern
The MQL5 Wizard allows creating ready-made Expert Advisors based on the Standard library classes delivered together with the client terminal (see Creating Ready-Made Expert Advisors in MQL5 Wizard for the details). It allows to check your trade ideas quickly, all you need is to create your own trading signals class. The structure of this class … Read more

MQL5 Wizard – Trade Signals Based on Hammer/Hanging Man + MFI – EA MetaTrader 5

Fig. 1. The "Hammer" candlestick pattern
The MQL5 Wizard allows creating ready-made Expert Advisors based on the Standard library classes delivered together with the client terminal (see Creating Ready-Made Expert Advisors in MQL5 Wizard for the details). It allows to check your trade ideas quickly, all you need is to create your own trading signals class. The structure of this class … Read more

MQL5 Wizard – Trade Signals Based on Bullish/Bearish Meeting Lines + MFI – EA MetaTrader 5

Figure 1. "Bullish Meeting Lines" pattern
The MQL5 Wizard allows creating ready-made Expert Advisors based on the Standard library classes delivered together with the client terminal (see Creating Ready-Made Expert Advisors in MQL5 Wizard for the details). It allows to check your trade ideas quickly, all you need is to create your own trading signals class. The structure of this class … Read more

MQL5 Wizard – Trade Signals Based on Morning/Evening Stars + MFI – EA MetaTrader 5

Fig. 1. "Morning Star" and "Morning Doji Star" candlestick patterns
The MQL5 Wizard allows creating ready-made Expert Advisors based on the Standard library classes delivered together with the client terminal (see Creating Ready-Made Expert Advisors in MQL5 Wizard for the details). It allows to check your trade ideas quickly, all you need is to create your own trading signals class. The structure of this class … Read more

True MFI (Alternative to the standard MFI) – indicator MetaTrader 5

Fig.1 The True MFI indicator
The real author: VladMsk Rise or fall in prices is often preceded by increased activity of trading. The True MFI indicator tries to use this factor. The MFI “standard” technical indicator uses price for calculation. As a result it practically coincides with the RSI that makes the MFI indicator rare to use. In the TMFI … Read more