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Stop Chasing False Moves: Combine RSI and MFI for Smarter Trade Filters in Pine Script

  • Combining RSI (price momentum) and MFI (volume-weighted momentum) provides a cleaner way to filter trades in Pine Script.
  • Aligning price and volume momentum helps in avoiding 'half-true' setups and making better trading decisions.
  • Classic 14-period RSI and MFI readings can be used with thresholds above and below 50 for identifying bullish and bearish setups.
  • Experimentation, tweaking, and personalization are key to shaping effective trade filters that suit your trading style and preferences.

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