3.13.5 MFI Rebounded/Retreated In Oversold/Overbought Region And Touching/Crossing Limit

Figure 3.62: MFI Rebounded/Retreated In Oversold/Overbought Region And Touching/Crossing Limit.

• Buy - MFI crosses back lower limit from oversold region

• Sell - MFI crosses back upper limit from overbought region

Parameters available:

• Period - period of MFI

• Lower Limit - lower limit of MFI

• Upper Limit - upper limit of MFI

• x - the minimum amount that MFI rebounded/retreated from lower(buy)/upper(sell) limit

• x Margin - if value sets to ‘3’ means MFI rebounded/retreated within x +/- 3

• t - the maximum number of periods for the rebound/retreat to happen

• Rule type - please refer to 140 for details

• Data type - please refer to 141 for details