Bollinger Bands can be used to calculate overbought/oversold areas.

There are four input parameters.

• MFI period - MFI calculation period
• MFI volume – Volume used to calculate MFI
• BB period - Bollinger Bands calculation period
• BB deviation - Bollinger Bands deviation

Indicators - Download Instructions

MFI Normalized MT5 indicator is a Metatrader5 (MT5) indicator. Its purpose is to transform the accumulated historical data.

MFI Normalized MT5 Indiator allows you to spot patterns and peculiarities in price dynamics that are not visible to the naked eye.

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How do you install the MFI Normalized MT5 Indiator.mq5 on your MetaTrader5 Chart?

• Download MFI Normalized MT5 Indicator.mq5
• Copy MFI NormalizedMT5 Indicator.mq5 into your Metatrader5 Directory / experts/ indicators
• Metatrader 5 Client can be started or stopped
• Choose Chart and Timeframe to test your mt5 indicators
• You can search "Custom Indicators" using your Navigator, which is usually left in your Metatrader Client 5.
• Right click on MFI Normalized MT5 Indiator.mq5
• Attach a chart
• Change settings or click ok
• Your Chart has the Indicator MFI NormalizedMT5 Indicator.mq4.

How do I remove the MFI NormalizedMT5 Indicator.mq5 From my Metatrader 5 Chart.

• Select the Chart in which the Indicator is running in your Metatrader Client 5.
• Right-click to open the Chart
• "Indicators list"
• Select the indicator and click delete

MFI NormalizedMT5 Indicator (Free download)

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