Volume indicators
MFI: Money Flow Index
A volume-weighted RSI: from 0 to 100, it shows whether money has been flowing into or out of the market.
Die Idee in einfachen Worten
RSI looks only at price changes. MFI also counts how much was traded, so a rise on heavy activity counts more than a rise on light activity.
So wird gerechnet
Typical price times volume is the "money flow". Flows on rising candles and falling candles are summed over 14 candles and compared.
Typical price TP = (high + low + close) ÷ 3, flow = TP × volume
Positive flow = sum of flows where TP rose; negative flow = where TP fell
MFI = 100 − 100 ÷ (1 + positive ÷ negative)Anwendung
- Above 80: heavy buying, possibly overextended; below 20: heavy selling.
- Divergences with the price are its most respected signal.
Schlüsse ziehen
- Like RSI, MFI can stay high in strong trends.
Beispiel
Silver makes a new high but MFI peaks at 68, below its previous 85: the new high came with less money behind it.
Kurse in Beispielen dienen der Veranschaulichung.
Worauf man achten sollte
- On currencies, metals and CFDs there is no central exchange volume. The chart uses "tick volume", the number of price changes in each candle, which follows real activity closely but is not the number of contracts traded.
Ein wenig Geschichte
Created by Gene Quong and Avrum Soudack.
Nur Bildungsinhalte. Kein Indikator und kein Muster sagt die Zukunft voraus, und nichts hier ist eine Anlageberatung.