MFI

Money Flow Index

MFI is very similar to RSI but it also accounts for volume.

INTERPRETATION:

• Look for divergence between the indicator and the price action. If the price trends higher and the MFI trends lower (or vice versa), a reversal may be imminent.
• Look for market tops to occur when the MFI is above 80. Look for market bottoms to occur when the MFI is below 20.

See Also: RSI