MFI Divergence

8시간 전

This indicator automatically detects bullish and bearish divergences between price and the Money Flow Index (MFI).
It’s designed for traders who use momentum divergence to anticipate potential trend reversals or continuation traps, and has been optimized to avoid false positives while still catching subtle setups on lower timeframes like 15m.


How It Works

Calculates the Money Flow Index (MFI) using price and volume.

Identifies swing highs and lows on the MFI using adaptive pivot logic.

Compares MFI pivots against corresponding price highs/lows:

Bullish Divergence: Price makes a lower low while MFI makes a higher low.

Bearish Divergence: Price makes a higher high while MFI makes a lower high.

Displays divergences as green (bullish) or red (bearish) lines on the MFI chart.

7시간 전

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