Money Flow Index - MFI
The Money Flow Index (MFI) is an oscillator that similar to the relative strength index (RSI). The fundamental difference is that the MFI also accounts for volume, whereas the RSI only accounts for price. MFI is positive when the price rises(buying pressure) and negative when the price declines(selling pressure). Money Flow Index moves between 0 and 100.
Typically, MFI above 80 is considered overbought stocks and MFI below 20 is considered oversold stocks. Please note in Strong trends these signals are misleading.
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