MFI-money flow index

mark · 1 MFI-money flow index Fri Apr 15, 2011 12:38 am

mark

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guys,where can i get the data and charts of MFI relate to CSE.............?

milanka · 2 Re: MFI-money flow index Fri Apr 15, 2011 5:10 pm

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Try this Mark

http://finance.yahoo.com/q/ta?s=%5ECSE&t=1y&l=on&z=l&q=l&p=&a=f14&c=

I think thats what you are looking for .

amateur · 3 Re: MFI-money flow index Fri Apr 15, 2011 7:45 pm

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what is the use of it???

mark · 4 Re: MFI-money flow index Sat Apr 16, 2011 1:55 am

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THANKS MILANKA
answer to amateur.......
*A momentum indicator that is used to determine the conviction in a current trend by analyzing the price and volume of a given security. The MFI is used as a measure of the strength of money going in and out of a security and can be used to predict a trend reversal. The MFI is range-bound between 0 and 100 and is interpreted in a similar fashion as the RSI.

*The money flow index is calculated by using the following formula:
Typical Price = (High + Low + Close) / 3
Money Flow = Typical price * Volume
Money Ratio = Positive Money Flow/Negative Money Flow

Note: Positive money values are created when the typical price is greater than the previous typical price value. The sum of positive money over the number of periods used to create the indicator is used to create the positive money flow - the values used in the money ratio. The opposite is true for the negative money flow values.

Money Flow Index = 100 - (100/ (1 + Money Ratio))
http://www.investopedia.com/terms/m/mfi.asp

more info-
http://stockcharts.com/help/doku.php?id=chart_school:technical_indicators:money_flow_index_mfi

this index normally using to identify the trend of market,oversold and overbought regions..........