- December 1, 2013
- Posted by: Forex Wiki Team
- Category: FX Ind
Name: |
|
||
Author: | MetaQuotes (2005.12.21 15:14) | ||
Rating: | 10 | ||
Downloaded: | 7491 | ||
Download: |
|
||
Money Flow Index (MFI) is the indicator, which indicates the rate at which money is invested into a security and then withdrawn from it.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 Strenght Index with the only difference that volume is important to MFI.
When analyzing the money flow index one needs to take into consideration the following points:
Calculation Then one calculates the amount of the Money Flow (MF): If today’s typical price is larger than yesterday’s TP, then the money flow is considered positive. If today’s typical price is lower than that of yesterday, the money flow is considered negative. A positive money flow is a sum of positive money flows for a selected period of time.A negative money flow is the sum of negative money flows for a selected period of time. Then one calculates the money ratio (MR) by dividing the positive money flow by the negative money flow: And finally, one calculates the money flow index using the money ratio: Technical Indicator DescriptionFull description of MFI is available in the Technical analysis: Money Flow Index |
|||
Thank you very much is a good indicator that could make red paint upside down green and yellow alert market can twist the three with a voice alarm to pronounce words rather than a stamp, example if you buy up play sound if sell low and that alert is yellow!, would be great hope and I will continue your indicator thank you very much you are one of the best.
(sorry for my English is not good)
|