MFI Count [8] – signal indicator
MFI Count [8] looks like an oscillator, but actually it is a filter of signals. When the color changes and zero level is crossed, the trend is expected to change. The higher bar chart is – the longer the trend will last. Unfortunately, there is no information about the strength of the trend. However, MFI Count [8] could be effective for scalping together with trending indicator on a lower timeframes. Also you need a filter for detection of flat.
![MFI Count [8] – signal indicator usage example](https://i0.wp.com/files.fortrader.org/uploads/2019/07/mfi-count.png?resize=708%2C398&ssl=1)