Money Flow Index (MFI)
Volume-weighted RSI: money flow direction over N bars on a 0-100 scale. Above 80 is overbought, below 20 oversold. Requires volume data.
Money Flow Index (MFI)
Definition
Volume-weighted RSI: money flow direction over N bars on a 0-100 scale. Above 80 is overbought, below 20 oversold. Requires volume data.
Parameters
Asset, Lookback period (14)
Output range: 0 to 100
Example
`MFI(AAPL, 14) > 80` (Buying climax)
Usage notes
MFI divergences (price makes a new high, MFI doesn't) carry more weight than RSI divergences because volume confirms.
Full indicator reference