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Multi-Timeframe Money Flow Index Indicator

Article MQL5 code base
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Summary

This note describes an MFI oscillator with a selectable chart period. The timeframe is set through an input parameter, allowing the indicator to use a period such as a four-hour chart. The displayed indicator is shifted down by fifty units for visual presentation.

The document explains these configuration and display features but gives no MFI calculation details, signal interpretation, trading rules, or performance evidence. It does not establish whether selecting a higher timeframe improves signals or how the shift affects comparison with other indicators. Any use as part of a strategy would require understanding the underlying indicator and evaluating it on the intended market and timeframe.

Key ideas

  • The indicator applies the Money Flow Index oscillator using a selectable timeframe.
  • The timeframe is controlled through an input parameter.
  • The display is shifted downward by fifty units for visual presentation.
  • No signal rules or evidence of trading performance are provided.

Tags

Technical indicators

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.