Money Flow Index (MFI)
Money flow index: a volume-weighted RSI of the typical price, showing buying and selling pressure on a 0-100 scale.
How to read it
- Above 80 is overbought, below 20 oversold.
- Because it includes volume, divergences with price can be more meaningful than with RSI.
- Rising MFI on a flat price suggests accumulation.
Key settings
- Period 14.
- Levels 80 / 20 with a zone; extremes coloured.
Good to know
- Drawn in its own pane below the chart.