Money flow index (MFI)
RSI's balance of gains and losses, weighted by volume.
Formula
Money flow = Typical price × Volume MFI = 100 − 100 ÷ (1 + Σ positive flow ÷ Σ negative flow), over N
How to read it
Above 80 overbought, below 20 oversold.
How to use it
Overbought and oversold readings confirmed by volume, and divergences from price.
In Kereon
Charts · Superchart. Default 14; levels 80 and 20. A bar whose typical price is unchanged counts as neither positive nor negative flow.
Also called: money flow index, volume rsi.