MFIProZone

MFIProZone is a NinjaTrader 8 indicator that enhances the classic Money Flow Index with an optional ADX trend filter for clearer buy/sell signals and better avoidance of choppy markets.

Key Features of MFI

1. Refined MFIProZone Signals
   • Above 50? MFIProZone plots a bullish color to help you spot positive momentum.
   • Below 50? A bearish color indicates a potential downtrend.
   • Overbought/Oversold Thresholds (e.g., 62/38) let you know when to watch for reversals.
2. ADX Trend Filter
   • ADX Above Threshold (often 25) means the market is trending.
   • Signals only trigger in trending conditions, helping you avoid false trades in sideways markets.
3. Clear Visuals & Alerts
   • Background shading for extreme (90–100) or start (80–90) overbought zones, and similarly for oversold regions (0–10, 10–20).
   • Buy/Sell Dots mark exact points where MFI crosses above/below your thresholds.
   • An audio alert can also fire, so you never miss a potential entry or exit.

How to Use It

1. Load on Your Chart
   • Open NinjaTrader’s Indicators panel, select MFIProZone, and apply it to any chart.
2. Customize Parameters
   • Choose the MFI Period (default 12) and ADX Period (default 14).
   • Pick Overbought/Oversold levels based on your market.
   • Decide if you want the ADX Filter enabled (helps filter out low-trend trades).
3. Trade with Confidence
   • Buy when MFI crosses above oversold (e.g., 38), especially if ADX > 25.
   • Sell when MFI crosses below overbought (e.g., 62) under strong trend conditions.
   • Watch the dot plots at 50 to confirm bullish or bearish momentum.

Why It’s Powerful

• Avoid Sideways Markets with : The ADX filter helps sidestep unpredictable price action when the market lacks strong momentum.
• Color-Coded Clarity: Instantly see if MFI is bullish, bearish, or in extreme zones.
• Timely Alerts: Dots and sounds let you act fast on breakouts and reversals.

If you’re looking to refine your entries and exits with a robust oscillator plus a trend filter, MFIProZone is a valuable addition to your NinjaTrader arsenal. Configure it to match your strategy, keep an eye on the colored signals, and let MFIProZone highlight when it’s time to jump in—or step aside.