From 6bcc74ad573278f1f19e3554bfdcf14f8478d263 Mon Sep 17 00:00:00 2001 From: Toh4iem9 Date: Tue, 30 Sep 2025 14:54:17 +0200 Subject: [PATCH] new files added --- Indicators/MyIndicators/MFI_Pro.md | 71 ++++++++++++++++++++++++++++++ 1 file changed, 71 insertions(+) create mode 100644 Indicators/MyIndicators/MFI_Pro.md diff --git a/Indicators/MyIndicators/MFI_Pro.md b/Indicators/MyIndicators/MFI_Pro.md new file mode 100644 index 0000000..ff5fd46 --- /dev/null +++ b/Indicators/MyIndicators/MFI_Pro.md @@ -0,0 +1,71 @@ +# Money Flow Index (MFI) Professional + +## 1. Summary (Introduction) + +The Money Flow Index (MFI) is a momentum oscillator that measures the strength of money flowing into and out of a security. Developed as a "volume-weighted RSI," it combines both price and volume data to identify overbought or oversold conditions. + +Unlike the standard RSI which only considers price, the MFI incorporates volume to provide a clearer picture of the conviction behind price moves. + +Our `MFI_Pro` implementation is a unified, professional version that allows the calculation to be based on either **standard** or **Heikin Ashi** price data, selectable from a single input parameter. + +## 2. Mathematical Foundations and Calculation Logic + +The MFI calculation is similar to the RSI, but instead of using simple price changes, it uses "Money Flow," which is derived from the Typical Price and Volume. + +### Required Components + +* **Period (N):** The lookback period for the calculation (e.g., 14). +* **Price and Volume Data:** The `High`, `Low`, `Close`, and `Volume` of each bar. + +### Calculation Steps (Algorithm) + +1. **Calculate the Typical Price (TP):** For each bar, calculate the average of the high, low, and close. + $\text{TP}_i = \frac{\text{High}_i + \text{Low}_i + \text{Close}_i}{3}$ + +2. **Calculate the Raw Money Flow (RMF):** Multiply the Typical Price by the volume for that period. + $\text{Raw Money Flow}_i = \text{TP}_i \times \text{Volume}_i$ + +3. **Determine Positive and Negative Money Flow:** Compare the current bar's Typical Price to the previous bar's. + * If $\text{TP}_i > \text{TP}_{i-1}$, it is **Positive Money Flow** ($\text{PMF}_i = \text{RMF}_i$). + * If $\text{TP}_i < \text{TP}_{i-1}$, it is **Negative Money Flow** ($\text{NMF}_i = \text{RMF}_i$). + +4. **Calculate the Money Flow Ratio:** Sum the Positive and Negative Money Flows over the period `N` and calculate their ratio. + $\text{Money Flow Ratio} = \frac{\sum_{k=i-N+1}^{i} \text{PMF}_k}{\sum_{k=i-N+1}^{i} \text{NMF}_k}$ + +5. **Calculate the Money Flow Index (MFI):** Use the ratio to scale the value between 0 and 100. + $\text{MFI}_i = 100 - \frac{100}{1 + \text{Money Flow Ratio}}$ + +## 3. MQL5 Implementation Details + +Our MQL5 implementation follows a modern, object-oriented design to ensure stability, reusability, and maintainability. + +* **Modular Calculation Engine (`MFI_Calculator.mqh`):** + The entire calculation logic is encapsulated within a reusable include file. + * **`CMFICalculator`**: The base class that performs the full MFI and signal line calculation on a given source price. + * **`CMFICalculator_HA`**: A child class that inherits all the complex logic and only overrides the initial data preparation step to use the Typical Price derived from smoothed Heikin Ashi candles. This object-oriented approach eliminates code duplication. + +* **Stability via Full Recalculation:** We employ a "brute-force" full recalculation within `OnCalculate` for maximum stability. + +* **Efficient Calculation:** The summation of Positive and Negative Money Flow is handled by an efficient **sliding window sum** technique. + +* **Optional Signal Line:** Our version is enhanced with a user-configurable moving average signal line, with all MA types calculated manually for robustness. + +## 4. Parameters + +* **MFI Period (`InpMFIPeriod`):** The lookback period for summing the money flows. The standard is `14`. +* **Candle Source (`InpCandleSource`):** Allows the user to select the candle type for the Typical Price calculation (`Standard` or `Heikin Ashi`). +* **Volume Type (`InpVolumeType`):** Allows the user to select between Tick Volume and Real Volume. +* **Signal Line Settings:** + * `InpMAPeriod`: The lookback period for the signal line. + * `InpMAMethod`: The type of moving average for the signal line. + +## 5. Usage and Interpretation + +* **Overbought/Oversold Levels:** The primary use of the MFI is to identify extreme conditions. + * **Overbought:** Readings above **80**. + * **Oversold:** Readings below **20**. +* **Divergence:** This is the MFI's most powerful signal. + * **Bullish Divergence:** Price makes a lower low, but the MFI makes a higher low, suggesting selling pressure is weakening. + * **Bearish Divergence:** Price makes a higher high, but the MFI makes a lower high, suggesting buying pressure is weakening. +* **Signal Line Crossovers:** Crossovers can provide entry and exit signals, similar to other oscillators. +* **Caution:** In a very strong trend, the MFI can remain in overbought or oversold territory for extended periods.