greetings guys,
a lot of colleagues address me regarding what the meaning of money flow index - mFI is.
Money flow index - mFI means a momentum indicator that is used to determine the conviction in a current trend by analyzing the price and volume of a given security. The MFI is used as a measure of the strength of money going in and out of a security and can be used to predict a trend reversal. The MFI is range-bound between 0 and 100 and is interpreted in a similar fashion as the RSI.
The money flow index is calculated by using the following formula:
Typical Price = (High + Low + Close) / 3
Money Flow = Typical price * Volume
Money Ratio = Positive Money Flow/Negative Money Flow
Note: Positive money values are created when the typical price is greater than the previous typical price value. The sum of positive money over the number of periods used to create the indicator is used to create the positive money flow - the values used in the money ratio. The opposite is true for the negative money flow values.
Money Flow Index = 100 - (100/ (1 + Money Ratio))
The money flow index is similar to the relative strength index (RSI). The fundamental difference is that the MFI also accounts for volume, whereas the RSI only incorporates price. Many traders watch for opportunities that arise when the MFI moves in the opposite direction as the price. This divergence can often be a leading indicator of a change in the current trend.
Forex Trading Signals » Free Forex Chart Software dogma
explaining some web based forex online and download programs concepts
(6 posts)-
Posted 5 months ago #
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what warm_lilianna said
Posted 4 months ago # -
while learning to analyze the current forex market layout, one should pay no mind to processes relating to the primary sector like the fact that the housewares imports are probably going to to steep and affect the JOD rates, and concentrate on trade ing logic like the effect of the market's the recent growth on the JOD in Malaysia.
Posted 4 months ago # -
energetic_kelvin, apparently theory that the JOD is expected to weaken versus the MYR towards March the 13th is somehow connected to the fact that the slide in the beef industry can impact the Jordanian market for the better if correct would probably be behind the JOD's downswing.
Posted 4 months ago # -
== bump =
Posted 4 months ago # -
what warm_lilianna said
Posted 4 months ago #
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