MFI(Money Flow Index) Indicator

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joel
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  • Under review


I want to add volume indicators to our oscillator.

The Money Flow Index (MFI) is a technical indicator developed to estimate the strength of the inflow of funds into a specific asset by considering the volume of transactions while comparing price increases and decreases over a period of time.

I use the MFI breakout strategy.

I think it will be useful to add it with the new update.

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Andrey Khatimlianskyi
  • Under review

What strategy do you use? How should the indicator be interpreted?

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joel
Quote from Andrey Khatimlianskyi

What strategy do you use? How should the indicator be interpreted?

1. In the oversold/overbought section of MFI (more than 80 OR less than 20), the highest and lowest prices are remembered.

2. Order entry when MFI is above 80 OR below 20 + a new chart reaches and breaks through the previous highest or lowest price.

3. Realize revenue with trailing stops