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MFI with interpretation for Amibroker (AFL)

Rating:
3 / 5 (Votes 2)
Tags:
oscillator, amibroker, interpretation

MFI with interpretation. Exactly tell you when it is bullish or bearish or when to go out of the market.

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Indicator / Formula

Copy & Paste Friendly
_SECTION_BEGIN("MFI");

periods = Param( "Periods", 14, 2, 200, 1 );
Plot( vmfi = MFI(periods), _DEFAULT_NAME(), ParamColor("Color", colorCycle ), ParamStyle("Style") );


Buy = Cross( vmfi, 20 );
Sell = Cross( 80, vmfi );


Title = StrFormat("\\c02 {{NAME}} | {{DATE}} | Open : %g | High : %g | Low : %g | Close : %g | Change = %.1f%% | Volume = " +WriteVal( V, 1.0 ) +" {{VALUES}}",O, H, L, C, SelectedValue( ROC( C, 1 )) )

+"\n"+("MFI Comment  = ")+WriteIf(Vmfi<30 AND vmfi>LLV(Vmfi,14),EncodeColor(colorLime)+"Safe in, Buy",
WriteIf(Vmfi<30 AND Vmfi<HHV(Vmfi,14),EncodeColor(colorGreen)+"Safe in, but see the trend",
WriteIf(Vmfi<50 AND Vmfi>LLV(Vmfi,4),EncodeColor(colorWhite)+" Bullish ",
WriteIf(Vmfi<50 AND Vmfi<HHV(Vmfi,4),EncodeColor(colorRed)+" Bearish ",
WriteIf(Vmfi<79.99 AND Vmfi>LLV(Vmfi,4),EncodeColor(colorPaleBlue)+" bullish see the trend and if bearish sale",
WriteIf(Vmfi<79.99 AND Vmfi<HHV(Vmfi,4),EncodeColor(colorOrange)+" bearish gate out",
WriteIf(Vmfi>80, EncodeColor(colorRed)+"Caution","")))))));
_SECTION_END();


_SECTION_BEGIN("Name");
GfxSetOverlayMode(1);
GfxSelectFont("Tahoma", Status("pxheight")/20 );
GfxSetTextAlign( 6 );// center alignment
//GfxSetTextColor( ColorRGB( 200, 200, 200 ) );
GfxSetTextColor( ColorHSB( 100, 100, 100 ) );
GfxSetBkMode(0); // transparent
GfxTextOut( Name(), Status("pxwidth")/2, Status("pxheight")/12 );
GfxSelectFont("Tahoma", Status("pxheight")/12 );
GfxTextOut( "", Status("pxwidth")/2, Status("pxheight")/3 );
GfxSelectFont("Tahoma", Status("pxheight")/17 );
GfxTextOut( "AKBAR", Status("pxwidth")/2, Status("pxheight")/2 );
_SECTION_END();

1 comments

1. cnbondre

Hi,
Thanks a lot for this interpretation.
cnbondre

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