MoneyFlowIndex

Description

The Money Flow Index (MFI) is a momentum indicator illustrating the strength of money flowing into and out of a security measured on a 0-100 scale.

The Money Flow Index is calculated as a ratio between the total Money Flow over periods having the Typical Price raised, and the total Money Flow over all periods.

A stock is considered "overbought" if the MFI indicator reaches 80 and above (a bearish reading). A bullish reading of 20 and below suggests that the stock is "oversold".

 

Input Parameters

Parameter Description
over sold The oversold level.
over bought The overbought level.
length The number of bars used to calculate the Money Flow Index.
moving avg length The number of bars used to calculate the moving average of MFI.

Plots

Plot Description
MoneyFlowIndex The Money Flow Index.
OverBought The overbought level.
OverSold The oversold level.

Example*

*For illustrative purposes only. Not a recommendation of a specific security or investment strategy.

  Past performance is no guarantee of future performance.