Skip to content
All library documents

Self-Adjusting MFI with Bollinger Band Thresholds

Article MQL5 code base
Read the original

Summary

This indicator combines the Money Flow Index (MFI) oscillator with Bollinger Bands to define changing overbought and oversold boundaries. Rather than relying on fixed threshold levels, the bands provide boundaries that adjust with the indicator’s variation. Its inputs include the MFI lookback period, the volume source, band deviation, optional smoothing, and a horizontal shift.

The document describes the indicator’s design and configurable parameters, but supplies no trading rules, chart evidence, performance results, or guidance on interpreting signals. It therefore explains a technical analysis construction rather than demonstrating a tested strategy. The description does not specify the exact calculations used for the bands or establish that adaptive thresholds improve decisions; users would need to inspect the implementation and validate any application themselves.

Key ideas

  • The indicator uses Bollinger Bands as adaptive overbought and oversold boundaries for MFI.
  • Users can set the MFI period and choose the applied volume source.
  • Band deviation, smoothing, and horizontal shift are configurable.
  • The description provides no trading rules or evidence of performance.

Tags

Technical indicatorsVolatility

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