Money Flow Index (MFI)
The Money Flow Index (MFI) is a technical oscillator that uses price and volume data for identifying overbought or oversold signals in an asset. It can also be used to spot divergences which warn of a trend change in price. The oscillator moves between 0 and 100.
Unlike conventional oscillators such as the Relative Strength Index (RSI), the Money Flow Index incorporates both price and volume data, as opposed to just price. For this reason, some analysts call MFI the volume-weighted RSI.
Source: https://www.investopedia.com/terms/m/mfi.asp
Good video related to MFI: https://www.youtube.com/watch?v=3daZq55uJC4&start=511
How to install SQX snippets: https://strategyquant.com/doc/programming-for-sq/import-export-custom-indicators-and-other-snippets/
MFI is implemented for MT4/MT5 ; TS and MC
Excellent !!!!! Thank you
MT4/MT5 has not been uploaded
Hi, it is using iMFI indicators which are a part of MT4/MT5.
The indicator has a problem When I select from the signal block, It stops when searching
Can you please send us your builder configuration to support@Kevin.com? I will test it
I am also facing the same issue with this indicator.
Thanks, I imported this indicator using the Code Editor. Import was confirmed but the MFI does not show in the indicator nor the signal block. What am I missing?