This indicator allows you to trade RSI and MFI oversold and overbought zones with MACD confirmation. It is also possible to take an early trade by checking the "delta" (difference between the fast MACD line and the signal line) (histogram) value of the MACD.
Buy Condition
Both RSI and MFI must be in the oversold area
After that, wait for a MACD crossover
Note: At the time of MACD crossover, RSI and MFI might not still be in the oversold area. The indicator knows that they were both in the oversold area, and then waits for a MACD crossover to happen to confirm an uptrend.
Sell Condition
Both RSI and MFI must be in the overbought area
After that, wait for a MACD cross-under
Note: At the time of MACD cross-under, RSI and MFI might not still be in the overbought area. The indicator knows that they were both in the overbought area, and then waits for a MACD cross-under to happen to confirm a downtrend.
Inputs
MFI Length: Length of the Money Flow Index
RSI Length: Length of the RSI
MACD Length: Length of the MACD
MACD Fast Length: Fast Length of the MACD
MACD Slow Length: Slow Length of the MACD
RSI Overbought: Overbought boundary of the RSI
RSI Oversold: Oversold boundary of the RSI
MFI Overbought: Overbought boundary of the MFI
MFI Oversold: Oversold boundary of the MFI
Use delta to trade early?: Use this if you want to take a trade early by checking the MACD histogram
Delta: Absolute value of the MACD histogram. Whenever the "MACD Histogram" is less than the given "delta", a trade will be triggered if possible
Feel free to ask any questions you have.
Please report any bugs you found, with a screenshot of the chart. You can leave a comment or send me a DM.