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Volume Indicator: Money Flow Index (MFI)
Source: https://fxcodebase.com/code/viewtopic.php?f=17&t=1963
Forum: 17 · Topic 1963 · 21 post(s)
Volume Indicator: Money Flow Index (MFI)
Nikolay.Gekht · Sat Aug 28, 2010 8:29 pm
MFI is a momentum indicator, similar to RSI (Relative Strength Index), but it’s more rigid because it is volume-weighted, and, therefore, is a good method to measure of the strength of money flowing in and out of a security. As RSI, the MFI scale is 0 - 100 and the indicator is often calculated using a 14 day period.
Formula: Typical Price is (High + Low + Close) / 3
Positive = Typical * Volume IF Typical > Typical[previous] Negative = Typical * Volume IF Typical < Typical[previous] R(N) = Sum(Positive, N) / Sum(Negative, N) MFI(N) = 100 - (100 / (1 + R(N))
Download:
Re: Volume Indicator: Money Flow Index (MFI)
bgmays · Wed Sep 14, 2011 12:08 pm
Great work! I found this to be very accurate. The only problem I have is that I need to draw a center line at 50.00. Is there any way that you could add an option to show the center line and pick a color?
Re: Volume Indicator: Money Flow Index (MFI)
trendwatch · Thu Sep 15, 2011 4:38 am
Nice indicator! Just wondering where I can find the middle indicator as seen on the screenshot. Labeled: “Volume: 23”. I’ve seen it on other topics too, but I just can’t find it.
Re: Volume Indicator: Money Flow Index (MFI)
Apprentice · Thu Sep 15, 2011 4:57 am
Your request is added to the developmental cue.
Re: Volume Indicator: Money Flow Index (MFI)
sunshine · Thu Sep 15, 2011 5:16 am
trendwatch wrote: Nice indicator! Just wondering where I can find the middle indicator as seen on the screenshot. Labeled: “Volume: 23”. I’ve seen it on other topics too, but I just can’t find it.
Just right-click on your chart and choose Show Tick Volume:
Re: Volume Indicator: Money Flow Index (MFI)
trendwatch · Thu Sep 15, 2011 5:43 am
Thanks sunshine.
Re: Volume Indicator: Money Flow Index (MFI)
Alexander.Gettinger · Wed Sep 21, 2011 10:58 am
bgmays wrote: Great work! I found this to be very accurate. The only problem I have is that I need to draw a center line at 50.00. Is there any way that you could add an option to show the center line and pick a color?
Please, see this version of indicator:
Re: Volume Indicator: Money Flow Index (MFI)
JPNWV7 · Wed Sep 21, 2011 6:12 pm
I tried to download this indicator & got a Error Message?
Re: Volume Indicator: Money Flow Index (MFI)
Apprentice · Thu Sep 22, 2011 3:08 pm
Can you describe in more detail which Error Message you got. In this way, I can not help you.
I need more information.
Re: Volume Indicator: Money Flow Index (MFI)
JPNWV7 · Thu Sep 22, 2011 3:16 pm
Apprentice wrote: Can you describe in more detail which Error Message you got. In this way, I can not help you.
I need more information.
Thanks, but I figured it out.
I was downloading indicators under Manage strategy & it wouldn’t download
Then I tried downloading under manage Indicator & it worked.
Sorry about all this, but I’m new.
Thanks for the help & response, I’m sure I’ll have more questions
Re: Volume Indicator: Money Flow Index (MFI)
Apprentice · Tue Oct 02, 2012 11:59 am
Small Bug Fix. I found a bug that can affect MFI result, especially if you use a small MFI period.
Re: Volume Indicator: Money Flow Index (MFI)
stainer · Sun Apr 14, 2013 2:21 am
Can we have a signal for when price closes above or below the 80 and 20 line please?
Re: Volume Indicator: Money Flow Index (MFI)
Apprentice · Mon Apr 15, 2013 6:33 am
Your request is added to the development list.
Re: Volume Indicator: Money Flow Index (MFI)
Alexander.Gettinger · Wed Mar 05, 2014 4:51 pm
MQL4 version of Money Flow Index: viewtopic.php?f=38&t=60402.
Re: Volume Indicator: Money Flow Index (MFI)
Apprentice · Tue Mar 21, 2017 5:52 am
Indicator was revised and updated.
Re: Volume Indicator: Money Flow Index (MFI)
Carimwell · Sat Feb 03, 2018 2:48 am
Hi! Was the request for an alert to be added to the MFI indicator ever completed? I’d like to see an alert in this indicator when it crosses user-defined levels. Thanks guys.
Re: Volume Indicator: Money Flow Index (MFI)
Apprentice · Sat Feb 03, 2018 3:34 pm
MFI with Alert.lua added.
Re: Volume Indicator: Money Flow Index (MFI)
Carimwell · Mon Feb 05, 2018 12:33 am
This is perfect. thanks heaps.
Re: Volume Indicator: Money Flow Index (MFI)
swnlobo · Fri Jul 23, 2021 9:18 pm
Hi,
May I ask for a tickchart version of this indicator?
Thanks in advance
Re: Volume Indicator: Money Flow Index (MFI)
Apprentice · Tue Jul 27, 2021 2:51 am
Tick MFI added. https://fxcodebase.com/code/viewtopic.php?f=17&t=1963
Re: Volume Indicator: Money Flow Index (MFI)
swnlobo · Tue Jul 27, 2021 10:27 am
Thanks a Million
All the Best
Swnlobo