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 Alerts TT

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