In This Topic
Syntax
MFI(close; high; low; volume; period)
Arguments
The first four arguments must be arrays: 'close' contains the close values, 'high' contains the high values, 'low' contains the low values, 'volume' contains the volumes.
The 'period' parameter is the period for the calculation.
Result
The result is an array.
Description
The Money Flow Index is used to warn of trend weakness and likely reversal points. The indicator compares the value traded on up-days to value traded on down-days. Market tops are likely when a medium term Money Flow Index is above 80. Market bottoms are likely when a medium term Money Flow Index is below 20.
Related Examples
Windows Forms: All Examples\Data Manipulation\Functions\Financial\Technical Price Indicators
