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Who likes using the MFI Indicator?
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Who likes using the MFI Indicator?

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Elite Member
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Who likes using the MFI Indicator?

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Hey everyone, I'm trying to decide if I should keep using the MFI indicator or not. I tried searching around on the forums for details on it but couldn't really find anything. I found this ninjatrader page on it via google and that's pretty much about all I know about it.

I am usually scalping the 6E on a 3 minute while watching the DX on a 2 or 3 minute. I set the MFI for both on a period of 5. My mental process with the indicator is basically just getting a better picture on when the market appears to be overbought or oversold. Is there anything else I should know? Any tips on using it?

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