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Three-Timeframe Money Flow Index with Adjustable Averaging and Display Modes

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Summary

This indicator description presents a Money Flow Index display that combines three configurable timeframes and offers an average. Its adjustable inputs include the MFI calculation period and volume basis, overbought, median, and oversold levels, each timeframe, and whether each of the three MFI series is shown. The output can be drawn in step or slope mode.

The material explains the available settings and illustrates the two display styles, but it does not specify a trading rule, explain how to interpret disagreements among timeframes, or provide backtest evidence. The indicator can therefore serve as a configurable way to view money-flow readings across horizons, while threshold choices and signal use remain at the user's discretion. No markets, performance characteristics, or recommended parameter values are established in the document.

Key ideas

  • The indicator displays MFI readings from three user-selected timeframes with an average.
  • Users can configure the MFI period, volume input, and overbought, median, and oversold levels.
  • Each timeframe's MFI can be independently shown or hidden.
  • The display supports step and slope drawing modes.
  • The document describes settings but gives no entry rules or performance evidence.

Tags

Technical indicatorsVolatility

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