30. 8. 2021

5 7

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

 

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Emmanuel2
21. 9. 2021 7:56 pm

Excellent !!!!! Thank you

jim
jim
11. 11. 2021 12:43 pm

MT4/MT5 has not been uploaded

Last edited 3 years ago by jim
Javad Ezzat adadi
8. 9. 2022 4:15 am

The indicator has a problem When I select from the signal block, It stops when searching

tomas262
Admin
Reply to  Javad Ezzat adadi
8. 9. 2022 5:50 pm

Can you please send us your builder configuration to support.com? I will test it

TONY DAVIS
Reply to  Javad Ezzat adadi
16. 12. 2022 1:57 am

I am also facing the same issue with this indicator.

CryptoBiome
20. 10. 2023 11:53 am

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?