Stochastic Money Flow Index

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The Stochastic Money Flow Index (or Stochastic MFI), is a variation of the classic Stochastic RSI that uses the Money Flow Index (MFI) rather than the Relative Strength Index (RSI) in its calculation.

While the RSI focuses solely on price momentum, the MFI is a volume-weighted indicator, meaning it incorporates both price and volume data.

The Stochastic MFI is intended to provide a more precise and sensitive reading of the MFI by measuring the level of the MFI relative to its range over a specific period.

Settings

Stochastic Settings

• %K Length: The number of periods used to calculate the Stochastic. (Default: 14)
  
• %K Smoothing: The SMA length used to 'smooth' the %K line. (Default: 3)
  
• %D Smoothing: The SMA length used to 'smooth' the %D line. (Default: 1)
  

Money Flow Index Settings

• MFI Length: The number of periods used to calculate the Money Flow Index. (Default: 14)
  
• MFI Source: The source used to calculate the Money Flow Index. (Default: close)
  

Additional Settings

• Show Overbought/Oversold Gradients?: Toggle the display of overbought/oversold gradients. (Default: true)
  

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Phát hành các Ghi chú

Added multi timeframe functionality.

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Phát hành các Ghi chú

- Added divergence feature.
- Added informational tooltips to each setting.