MFI (Money Flow Index)

Indicator Description

MFI (Money Flow Index) is a trend indicator that combines price and volume to measure the strength of money inflow and outflow.

Function Information

• Function Name: MFI
• Input Parameters: High, Low, Close, Volume
• Parameter Settings: timeperiod (default: 14)
• Output: MFI value

Calculation Principle

MFI calculates the product of typical price and volume, combined with cumulative values of upward and downward movements, to derive the money flow index.

Usage Scenarios

1. Money flow analysis
2. Overbought and oversold judgment
3. Trend confirmation
4. Divergence analysis

Usage Recommendations

1. MFI > 80 indicates overbought
2. MFI < 20 indicates oversold
3. Monitor divergence phenomena
4. Use in combination with other indicators