Market Flow Analysis Method (MFAM) Indicator for Price Action

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The concept comes from Market Flow Analysis Method (MFAM) mentioned on http://www.eminisuccessformula.com by Todd Mitchell (I have no relationship with this website nor Todd Mitchell)

The program keeps track of Highest Highs (& Lowest Lows) and also whether there a trend change seems to be taking place.

The bold Red & Green indicate the Highest High & Lowest Low. The fainter cyan & magenta lines track Active High & Low, which may become Highest/Lowest if a Price Break occurs.

The theory is that you go long when price breaks through the Highest High, or short when it breaks drops below Lowest Low. This is signaled when the green line jumps up, or the red line down.

A PDF explaining this is concept also available at https://s3.amazonaws.com/eminisuccessformula/Truth+About+Trends.pdf

Whilst developing it, I initially just tracked ‘periods since Highest High’ etc into a separate chart. With a one-line source change (indicator chart) & one parameter, this can be recreated.

There is also another parameter to limit how long a Highest High etc can be active for (This was added with the intention of removing the usage of 4 buffers, but has not been done).

 

MT4 Indicator Download – Instructions

Market Flow Analysis Method (MFAM) Indicator for Price Action is a Metatrader 4 (MT4) indicator and the essence of the forex indicator is to transform the accumulated history data.

Market Flow Analysis Method (MFAM) Indicator for Price Action provides for an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.

Based on this information, traders can assume further price movement and adjust their strategy accordingly.

How to install Market Flow Analysis Method (MFAM) Indicator for Price Action.mq4?

  • Download Market Flow Analysis Method (MFAM) Indicator for Price Action.mq4
  • Copy Market Flow Analysis Method (MFAM) Indicator for Price Action.mq4 to your Metatrader Directory / experts / indicators /
  • Start or restart your Metatrader Client
  • Select Chart and Timeframe where you want to test your indicator
  • Search “Custom Indicators” in your Navigator mostly left in your Metatrader Client
  • Right click on Market Flow Analysis Method (MFAM) Indicator for Price Action.mq4
  • Attach to a chart
  • Modify settings or press ok
  • Indicator Market Flow Analysis Method (MFAM) Indicator for Price Action.mq4 is available on your Chart

How to remove Market Flow Analysis Method (MFAM) Indicator for Price Action.mq4 from your Metatrader 4 Chart?

  • Select the Chart where is the Indicator running in your Metatrader Client
  • Right click into the Chart
  • “Indicators list”
  • Select the Indicator and delete

MT4 Indicators Download below:

Market Flow Analysis Method (MFAM) Indicator for Price Action

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