Abbreviation: MFI
Category: Volume
Input Parameters:
| Name | Range | Default |
| Opening Price | Open | |
| High Price | High | |
| Low Price | Low | |
| Closing Price | Close | |
| Volume | Volume | |
| Summation Periods | Int >= 1 | 5 |
Calculation:
100 ‘ ( 100 / (1 + (PositiveMF(O,H,L,C,V, Periods) / NegativeMF(O,H,L,C,V, Periods)) ) )
PositiveMF represents Positive Money Flow
NegativeMf represents Negative Money Flow
Discussion:
Provides a volume weighted form of the Relative Strength Index (RSI). However the MFI uses an average of the days Open, High, Low, and Close instead of just one price stream. The MFI ranges between values of 0 and 100. The closer the index is to 100, the more positive the money flow. The closer the index is to 0, the more negative the money flow.