Tag: Money Flow Index
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Money Flow Index2
Trading with the Money Flow Index: The Money flow index used as a warning signal tool: The MFI is a good indicator of divergence and convergence as it has volume incorporated in it’s calculations. As volume is said to precede prices, it is a good indicator of when prices are turning. Bearish divergence is when…
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Money Flow Index
Indicator: Money Flow Index Family: Oscillator Money Flow index is a momentum oscillator based of the change of price and volume. This is based on a similar concept to the Accumulation and Distribution, normalized between 1 – 100 , to create an oscillator similar to the RSI and interpreted in the same way. As an…