Description
The Money Flow Index Crossover study is an overbought-oversold indicator which finds where Money Flow Index crosses the specified level. Crossing above the 80 level indicates overbought conditions; crossing below the 20 level signifies oversold conditions. Vice versa, crossover to values above 20 suggests emerging from an oversold position; crossover to values below 80 suggests emerging from an overbought position.
Input Parameters
| Parameter | Description |
|---|---|
length
|
The number of bars used in Money Flow Index calculation. |
crossing type
|
Defines whether to display signals when the Money Flow Index goes above or below the specified threshold. |
threshold
|
The level at which the crossovers are found. |
Plots
| Plot | Description |
|---|---|
signal
|
The Money Flow Index Crossover signals. |
Example*
*For illustrative purposes only. Not a recommendation of a specific security or investment strategy.