Money Flow Index-Volume Indicator

Money Flow Index (MFI) is similar to the Relative Strength Index (RSI). Overbought territory: 80-100; oversold territory: 0-20.



Money Flow Index (MFI) signals:

if a new price high is confirmed by a new indicator high it means that the bullish trend is strong;

if a new price bottom is confirmed by indicator bottom is means that the bearish trend is strong;


bullish divergence warns of the weakness of the uptrend:

bearish convergence warns of the weakness of the downtrend