Description
Money Flow Index is a momentum indicator reflecting buying or selling pressure. The MFI indicator is used to determine trend reversal points.
Formula
mfiArray[] = 100-(100/(1+SUM(posArray[])/SUM(negArray[])))
where posArray[] =( (close+high+low)/3) > ((close[-1]+high[-1]+low[-1])/3) ? ((close+high+low)/3) : 0
negArray[] = ((close+high+low)/3) <= ((close[-1]+high[-1]+low[-1])/3) ? ((close+high+low)/3) : 0
Interpretation
Money Flow Index ranges between 0 and 100. Values above 80 indicate market near the top condition, values below 20 signal market bottom.
inteliCharts Predictive Analytics - Calculating Most Probable Future Stock Prices
- Neural network architecture
- Quantitative processing
- Long term forecasting
- Intraday probability channels