mfi
Function Name: mfi
Tags: None
Category: Other
The Money Flow Index is a momentum indicator used to measure the strength of money flowing in and out of an asset. It calculates an indexed value based on price and volume for the number of bars specified in the input Period. Calculations are made for each bar with an average price greater than the previous bar and for each bar with an average price less than the previous bar. These values are then indexed to calculate and plot the Money Flow. The use of both price and volume provides a different perspective from price or volume alone. The Money Flow indicator tends to show dramatic oscillations and can be useful in identifying overbought and oversold conditions.
Link: http://www.investopedia.com/terms/m/mfi.asp
period |
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Default Value: 14 | Minimum: 1 | Maximum: 9999 |
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Type: Numeric |
upperLevel |
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Default Value: 70 | Minimum: 0 | Maximum: 100 |
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Type: Numeric |
lowerLevel |
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Default Value: 30 | Minimum: 0 | Maximum: 100 |
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Type: Numeric |