August 30, 2021

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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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Emmanuel
Emmanuel
September 21, 2021 7:56 pm

Excellent !!!!! Thank you