Indicator Money Flow Index, MFI uses typical price for its creation. I used standard code of the indicator and just added possibility to select all types of applied prices.
0 close price,
1 open price,
2 high price,
3 low price,
4 median price, (high+low)/2,
5 typical price,, (high+low+close)/3,
6 weighted close price, (high+low+close+close)/4.
Forex Indicators Download – Instructions
Money Flow Index Price MFI is a Metatrader 4 (MT4) indicator and the essence of the forex indicator is to transform the accumulated history data.
Money Flow Index Price MFI provides for an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.
Based on this information, traders can assume further price movement and adjust their strategy accordingly.
How to install Money Flow Index Price MFI.mq4?
- Download Money Flow Index Price MFI.mq4
- Copy Money Flow Index Price MFI.mq4 to your Metatrader Directory / experts / indicators /
- Start or restart your Metatrader Client
- Select Chart and Timeframe where you want to test your indicator
- Search “Custom Indicators” in your Navigator mostly left in your Metatrader Client
- Right click on Money Flow Index Price MFI.mq4
- Attach to a chart
- Modify settings or press ok
- Indicator Money Flow Index Price MFI.mq4 is available on your Chart
How to remove Money Flow Index Price MFI.mq4 from your Metatrader 4 Chart?
- Select the Chart where is the Indicator running in your Metatrader Client
- Right click into the Chart
- “Indicators list”
- Select the Indicator and delete
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