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A short thread on #MFI

The basics here :…
Technical analysis says two things :
1. Momentum precedes price
2. Volumes precedes price

So, if an indicator includes momentum and volume analysis, it will be a leading indicator to some extent. This is the crux why I am so much confident on MFI
The indicator can be used for swing as well as day-trading. I use a period of 10 as I have seen that being our responsive to our markets here
Read 10 tweets
Thread: MFI Indicator

Created by Gene Quong and Avrum Soudack, MFI stands for Money Flow Index.

#MFI #Indicators #Definedge
Have you played Seesaw?

Imagine Bulls and Bears are sitting on either side of the seesaw and playing on your screen 😊

Our formula to understand MFI is “PTV on Seesaw”.
If Current price > Previous bar price = Bullish
If Current price < Previous bar price = Bearish

See this chart. There are 10 prices in this session.

There are 5 bullish sessions and 5 bearish sessions.
Read 21 tweets
Dear Friends,

I have implemented the below patterns based Money Flow Index (MFI).

What Is the Money Flow Index (MFI)?
The Money Flow Index (MFI) is a technical oscillator that uses price and volume for identifying overbought or oversold conditions in an asset

#ssstockalerts Image
1. It is like a RSI with volume. Considered as Volume RSI.
2. It moves between 0 to 100
3. Where < 80 considered as Overbought
4. Where > 20 considered as Oversold.
5. General period for MFI is 14.
6. Divergence can be helped to track trend.
7. Overbought and oversold doesn't necessarily mean the price will reverse, only that the price (factoring for volume) is near the high or low of its recent price range.
8.A divergence between the indicator and price is noteworthy.

Read 5 tweets

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