Money Flow Index (MFI) Strategy (Amibroker And Tradestation Code)

The original article can be found here.

The logic in plain English:

• If the two-day MFI is below 10, we buy at the close
• We sell at the close when the close ends higher than yesterday’s high
• We have a time stop of 10 trading days

Amibroker code:

Buy=  MFI(2)<10 ;
buyPrice=Close;
Sell= C>Ref(H,-1);   
sellPrice= Close ;

ApplyStop(stopTypeNBar,stopModeBars,10,1);

Tradestation code:

{
Strategy - Money flow index
https://www.quantifiedstrategies.com/lessons/money-flow-index-mfi-strategy-amibroker-code/
}

Inputs: 
	Lookback(2),
	Treshold(10),
	MaxHoldBars(10);
	
if MoneyFlow(Lookback) < Treshold  Then
	Buy at this bar close;
	
if C > H[1] OR Barssinceentry(0) >= MaxHoldBars then
	Sell at this bar close;