Reading MFI Overbought and Oversold States Across Ten Timeframes

Summary

This document explains a chart indicator that displays the Money Flow Index (MFI) oscillator state across ten timeframes. For each timeframe, it checks the most recently completed bar and colors a square according to whether MFI is below the oversold threshold, above the overbought threshold, or between those levels. Gold denotes the oversold condition, blue denotes the overbought condition, and gray denotes an intermediate reading.

The indicator is a compact way to compare momentum or flow-related oscillator conditions across timeframes at a glance. Its description does not specify the threshold settings, explain how MFI is calculated, or provide entry, exit, or position-sizing rules. It also offers no chart evidence or performance testing, so the display should be treated as a visualization of indicator readings rather than a validated trading strategy. Because it uses closed bars, its values reflect completed periods rather than changing intrabar readings.

Key ideas

• The indicator presents MFI readings from ten separate timeframes in one view.
• It evaluates the last completed bar on each timeframe.
• Gold marks readings below the oversold threshold, while blue marks readings above the overbought threshold.
• Gray indicates a reading between the two thresholds.
• The document describes a visualization and provides no trading rules or performance evidence.

Tags

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