MFI - Money Flow Index [UTS]
Money Flow Index ( MFI ) is the technical indicator, which indicates the rate at which money is invested into a security and then withdrawn from it.
Construction and interpretation of the indicator is similar to Relative Strength Index with the only difference that volume is important to MFI .
Usage:
When analyzing the money flow index one needs to take into consideration the following points:
divergences between the indicator and price movement. If prices grow while MFI falls (or vice versa), there is a great probability of a price turn;
Money Flow Index value, which is over 80 or under 20, signals correspondingly of a potential peak or bottom of the market.
Common known variants of this type of indicator are the On Balance Volume , Chaikin Oscillator or Chaikin Money Flow .
Based on https://www.metatrader5.com/en/terminal/help/indicators/volume_indicators/mfi
Construction and interpretation of the indicator is similar to Relative Strength Index with the only difference that volume is important to MFI .
Usage:
When analyzing the money flow index one needs to take into consideration the following points:
divergences between the indicator and price movement. If prices grow while MFI falls (or vice versa), there is a great probability of a price turn;
Money Flow Index value, which is over 80 or under 20, signals correspondingly of a potential peak or bottom of the market.
Common known variants of this type of indicator are the On Balance Volume , Chaikin Oscillator or Chaikin Money Flow .
Based on https://www.metatrader5.com/en/terminal/help/indicators/volume_indicators/mfi
Visit http://ubertradingsystems.com or send a direct message for information about indicator access.
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ETH: 0x21493d3848fa6C3f63F5E429bc603Ed25926EFA9