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StochMFI Pro

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Regular Price $296 Special Price $178

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Product Description

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Recognizing the unique preferences and trading styles of traders, we have developed StochMFI Pro with the aim of adding more diversity to the Stochastic Indicator family. This intelligently integrated indicator equips you with the ability to effectively identify potential reversal points and analyze market momentum. With StochMFI Pro by your side, you gain a powerful tool to enhance your trading decisions and maximize your analysis capabilities.

StochMFI Pro combines the widely recognized Stochastic and MFI indicators, utilizing the MFI value as an input rather than relying on market price. When the %K and %D lines intersect within the overbought or oversold areas, the oscillator generates reversal signals.

So, what distinguishes StochMFI Pro from the conventional Stochastic and MFI indicators?

  • StochMFI Pro offers entry signals and highlights overbought and oversold areas on the price chart, helping you easily capture trading opportunities.
  • The frequency of reversal signals generated is higher because the oscillator has the ability to swiftly move between overbought and oversold areas.
  • The sound alert and popup are integrated to promptly notify you whenever signals emerge, avoiding any missed trading opportunities.

When the overbought or oversold area starts to be highlighted on the main panel, it is highly recommended to start looking for a retracement in the price action for a potential reversal. Because at this point, the StochMFI Pro value is approaching the extreme limits of its scale.

Stochastic has always been a highly favored indicator due to their simplicity and proven accuracy in identifying potential market reversals. We are delighted to present an enhanced edition of the traditional stochastics, promising an elevated trading experience for you. If you are an active trader seeking market reversals and desiring a more accurate measure of overbought and oversold conditions, make sure to explore the sensitive StochMFI Pro oscillator.

Dedicated NinjaScript signals:
  • Signal_State: 1 = overbought, -1 = oversold, 0 = middle
  • Signal_Trade: 1 = %K cross above %D in oversold, -1 = %K cross below %D in overbought, 0 = no signal

Software Changelog

  • 14 Aug 2024 - The "Brush series exceeds the maximum number (65535) of unique brushes" error was fixed.
  • 19 Jul 2023 - The indicator was released (build new).

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  1. product_image StochMFI Pro $$
    5 5

    Hannah's Excellent Service: Guiding Online Purchase And Resolution

    Hannah was awesome! I purchased a product online via my phone and totally confused myself. She walked me through how to fix everything step by step. Excellent service!

  2. product_image StochMFI Pro $$
    5 5

    Free Bid-Ask Display And USD Index Tools From ninZa.co: A Trader's Must-Have

    ninZa.co has something for every trader including forex. Two of their tools I use daily are Bid/Ask Display and USD Index. Both are FREE tools from ninZa.co. Thank you ninZa.co! Bid/Ask Display can be used in the NT8 Market Analyzer as well as on charts. The key to using it is to watch the spread and not enter when the spread is wider than normal, like when the day rolls over and when money flows from one-time zone to another. Now for USD Index, it is a synthetic dollar index composed of the USD pairs on your forex feed. It compares favorably with the dollar index on Kinetic feed and with the ICE (intercontinental exchange). The key to using USD Index is you will need a licensed NT8 so you can connect to multiple feeds simultaneously. For example, my NT8 connects to Rithmic, Forex.com, and Kinetic simultaneously. The value of USD Index is in its correlation and anticorrelation relationship with Forex USD pairs, Gold, Crude Oil, and Equity indexes. Do a google on dollar correlations and you will find some profitable clues to monitor. Make some forex charts with USD Index indicator applied. It can be put in a subgraph or overlaid it on the pair price data, but assign it to the left scale and forex data on the right scale. Then watch for congruent trends when the USD is the base (USDJPY) and anti-congruent trends when it isn't the base as in EURUSD. Watch for the turning points. The dollar index trend relationship isn't exactly 1 to 1, and it can be leading or lagging, so wait for the synchronicity.

  3. product_image StochMFI Pro $$
    5 5

    Excellent Support From Grace: Problem Solved!

    I would say that you did a great job with the support you provided, Grace. Very eager to help and you solved my problems. Thank you again for your help.

These testimonials may not be representative of the experience of other users or customers and do not guarantee future performance or success.

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