Money Flow Index (MFI)

Category: momentum, volume

A volume-weighted momentum oscillator that measures the inflow and outflow of money into an asset over a specific period, oscillating between 0 and 100.

Formula

TypicalPrice = (High + Low + Close) / 3\nRawMoneyFlow = TypicalPrice * Volume\nMoneyRatio = (\sum_{i=1}^{n} PositiveRawMoneyFlow) / (\sum_{i=1}^{n} NegativeRawMoneyFlow)\nMFI = 100 - (100 / (1 + MoneyRatio))

Inputs

• len (default: 14)

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