MRPNL
MRPNLIndicators & Oscillators
Intermediate

Money Flow Index (MFI)

MFI

Volume-weighted RSI that measures buying and selling pressure; above 80 is overbought, below 20 oversold, over a 14-period default.

Typical Price = (H + L + C) / 3; Raw Money Flow = Typical Price × Volume; Money Flow Ratio = Positive MF / Negative MF; MFI = 100 − 100 / (1 + Money Flow Ratio)

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