3.13.4 MFI Rebounding/Retreating In Oversold/Overbought Region

Figure 3.61: MFI Rebounding/Retreating In Oversold/Overbought Region.

• Buy - MFI rebounds from low in oversold region

• Sell - MFI retreats from high in 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(buy)/retreated(sell) from lower(buy)/upper(sell) limit

• t - the maximum number of periods for the rebound(buy)/retreat(sell) to happen

• Rule type - please refer to 140 for details

• Data type - please refer to 141 for details