Ultimate MA + MFIHey Folks, this is in indicator that generates buy and sell alerts using Ultimate Moving Average and Money Flow Index.
Buy Alerts
Multi Time Frame Moving Average trend reversal AND MFI < threshold
Sell Alerts
MFI crossing under overbought threshold
Recommended settings for 3commas
- Create Alert with Buy Alert and link it to "Message for deal start signal"
- Create Alert with Sell Alert and link it to "Message to close all deals at Market Price"
- Set Take Profit to 1.0% with trailing between 0.2% and 0.6%
- DO NOT USE STOP LOSS
MFI-EMA
MFI+MFI+ is a MFI study enhanced with a linear regression moving average.
Default Settings:
MFI: 13
Linear Regression of MFI: 34
Activate Vertical Bar Highlights and/or Signal Flags for:
- MFI Oversold/Overbought. (Default: Highlight Bar)
- MFI Extended Oversold/Overbought. (Default: Highlight Bar)
- MFI crossing its Linear Regression. (Default: Signal Flag)
Users can also do extra tuning in Style Section of Format options.
To user this indicator we need to observe the market's behaviour and identify which settings are fit for the timeframe and type market you trading.
Recommended suggested settings
RSI: 13/14
Linear Regression of RSI: 34/21
The market behaves differently when the pacing changes, volatility change and, when it trends or when it ranges. Develop an understanding of it with the help of this study.
Avoid risking more than 1% per trade. Be responsible for always making a priority about protecting capital and managing risk.
