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MFI based Heiken Ashi for Amibroker (AFL)
Rating:
5 / 5 (Votes 1)
Tags:
amibroker
Dear friends,
I’d like to intro a modified MFI indicator
Hope you to have another look at MFI
By soi_nhan
http://srsc.com.vn/forum/ami-codes/6407-bo-chi-bao-dong-tien-money-flow-index-group.html
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Indicator / Formula
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_SECTION_BEGIN("modified MFI");
HaClose =EMA((O+H+L+C)/4,3);
HaOpen = AMA( Ref( HaClose, -1 ), 0.5 );
HaHigh = Max( H, Max( HaClose, HaOpen ) );
HaLow = Min( L, Min( HaClose, HaOpen ) );
Periods=Param( "Periods",14, 2, 222, 1);
tp=(HaClose +HaHigh +HaLow )/3 ;
newMFI=100 -(100 /(1 + Sum(IIf(Tp>Ref(Tp,-1),V*Tp,0),Periods) /
Sum(IIf(Tp<Ref(Tp,-1),V * Tp,0),Periods) ) );
Plot(newMFI, _DEFAULT_NAME(), ParamColor( "Color", colorCycle ), ParamStyle("Style") );
_SECTION_END();
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Nice