Description
Platform
Availability for:
- NinjaTrader 7 platform: NOT PLANNED
- NinjaTrader 8 platform: AVAILABLE NOW
Notice
- Calculate mode: any modes
- Trader manual: not available
Overview
Superior MFI (Money Flow Index) is a classic indicator remade by ninZa.co.
MFI represents the volume-weighted adaptation of the more widely used RSI. While RSI tracks market momentum through the speed and change in price movements, MFI more carefully watches buying and selling pressure based on trading volume fluctuations.
MFI is less of a traditional oscillator, and its underlying formula is largely based on volume. Based upon the theory that volume precedes price, MFI acts as a more ambitious leading indicator than RSI.
MFI (as a stronger leading indicator) is best suited to spot reversals. Divergences are more serious with MFI, which introduces volume to magnify the difference between trend strength and price perception.
Key features:
- Plot the traditional MFI
- Allow smoothing the MFI (with 11 popular moving averages)
- Allow painting the MFI plot with color gradient
- Highlight overbought & oversold regions
- Trigger alerts on overbought/oversold entry
- Be NinjaScript ready for advanced usage, only restricted by your imagination
- Expose dedicated NinjaScript signals
Alerts:
- Popup alert
- Sound alert (configurable rearm)
- Email alert (possibly configured as SMS alert)
- Message displayed in Alerts Log window
NinjaScript readiness:
- Can be used in HelloWin Backtest
- our AMAZING backtesting software @ HelloWin.io
- Can be used in Market Analyzer
- Can be used in Strategy Builder
- Can be used in BloodHound
- Can be used in 3rd-party indicators, strategies, products
- Professional & clean signature for easy calling
Dedicated NinjaScript signals:
- Signal_State: 1 = overbought, -1 = oversold, 0 = middle
Compatibility:
- Instruments: futures, stocks, indices
- Interval types: timebased or non-timebased, standard or custom
- Chart styles: whatever
Usability:
- Ready to use out of the box
- Fully configurable & customizable with ease
Media
Installation
Please read Installation Guide for details.
Support
FREE support for life! Feel free to ask us anything, anytime.
On NinjaTrader 8, you even have access to our PRIORITY SUPPORT directly from charts.
Please read Customer Service for details.
Software upgrade
All software upgrades for NinjaTrader 7 are absolutely FREE of charge.
All software upgrades for NinjaTrader 8 are absolutely FREE of charge.
A one-time low fee may be required for an upgrade from NinjaTrader 7 to NinjaTrader 8.
Please read Upgrade Policy for details.
Terms
ALL SALES ARE FINAL & NON-REFUNDABLE!
Because software products may be copied and stored easily, we will NOT issue refunds of any kind.
Upon purchasing this software, you agree to be bound by Terms of Service.
Various types of trading software products, all under one roof!
Please check out our NinjaTrader 8 indicators to find ones that fit your needs.
Software Changelog
NinjaTrader 8 version:
- 24 May 2021 – Massive changes, fixes and improvements were made (DPI, display name, Z order, alert properties, chart info, property naming/positioning/grouping).
- 22 Jun 2019 – The indicator was released (build new).
