Since the Money Flow Index incorporates not only price, but also volume, it is often really good at picking tops and bottoms in the market.
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A shorter timeframe makes the indicator more sensitive. As with all indicators, the MFI should not be used by itself.
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BREAKING DOWN 'Money Flow Index - MFI' The Money Flow Index, like most oscillators, provides the most powerful and predictive trading signals when there is a divergence, .
The Money Flow Index (MFI) is an oscillator that uses both price and volume to measure buying and selling pressure. Created by Gene Quong and Avrum Soudack, MFI is also known as volume-weighted RSI. MFI starts with the typical price for each period. The Money Flow Index (MFI) is actually quite similar to The Relative Strength Index (RSI). The RSI is a leading indicator used to measure momentum. The MFI is essentially the RSI with the added aspect of volume.
Jun 26, · An MFI reading above 90 is considered overbought, while an MFI below 10 is considered oversold. Be wary of trading these levels blindly. As the warning goes, an overbought market can remain overbought for an extended period. How to Calculate and Trade with the Money Flow Index Indicator. The Money Flow Index (MFI) is a technical indicator similar to the Relative Strength Index (RSI) and is known as the volume-weighted RSI. It measures trading pressure by taking into account the price, inflow and outflow of money into a financial security.
If you have been day trading with price action and volume - two of our favorite tools - then the Money Flow Index (MFI) indicator would not feel alien to you.