Advanced MFI + RSI + Bollinger Bands Indicator 🚀📈

6 saat önce

This custom TradingView indicator is designed to provide advanced insights by combining three powerful tools: MFI (Money Flow Index), RSI (Relative Strength Index), and Bollinger Bands. It’s perfect for traders seeking a comprehensive approach to identifying potential market reversals and confirming entry/exit points.

Key Features:

1. RSI with Adaptive Multiplier:
   Calculates RSI dynamically, adjusting based on its level (below or above 50).
   Multiplies RSI values to enhance sensitivity for bullish or bearish signals.
   
   
2. Dual MFI Analysis:
   Two separate MFI calculations:
   Fast MFI (short period): Captures short-term money flow trends.
   Standard MFI (longer period): Provides a broader view of money flow, reducing noise.
   Highlights overbought (>90) and oversold (<10) zones with customizable visual cues.
   
   
3. Bollinger Bands Integration:
   Combines MFI and RSI values into Bollinger Bands to assess volatility and deviations from the
   mean.
   Provides upper and lower bands as dynamic thresholds for potential price reversals.
   
   
4. Buy Signal Logic:
   A buy signal is triggered when:
   MFI and RSI both drop below 10, indicating extreme oversold conditions.
   Either indicator rebounds above 15, signaling recovery.
   Price or indicators breach the lower Bollinger Band, confirming oversold conditions in
   volatile markets.
   These criteria ensure a confluence of signals, reducing false positives.
   
   
5. Automated Alerts:
   Integrated alert system to notify traders of potential buy opportunities based on the above
   criteria.
   Alerts are highly customizable, allowing users to stay informed even when away from the
   charts.
   

Visual Enhancements:

• Highlights oversold and overbought zones with dynamic background colors for better clarity.
  
• Clear plots for RSI, MFI, and Bollinger Bands, ensuring all critical data is visible at a glance.
  

How to Use:

1. Add this indicator to your TradingView chart.
   
2. Configure the input settings (RSI length, MFI periods, Bollinger Band multiplier, etc.) to suit
   your trading style.
   
3. Look for buy signals in oversold zones, confirmed by price rebounding above the lower band
   and MFI/RSI recovery.
   
4. Enable alerts to receive real-time notifications of buy opportunities.
   

This indicator is ideal for swing traders, day traders, and anyone looking for a reliable tool to navigate volatile markets. 🚀