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Money flow index forex factory

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money flow index forex factory

Money Flow Index MFI money the technical indicator, which indicates the rate at which index is invested into a security and then withdrawn from it. Construction and interpretation of the flow is similar to Relative Strength Factory with the only difference that volume is important to MFI. When analyzing the money flow index one needs to take into consideration the following points: The calculation of Money Flow Index includes several stages. At first one defines the typical price TP of the period in question: Then one calculates the amount of the Money Flow MF: POSITIVE MONEY FLOW is a sum of positive money flows for a selected period of time. NEGATIVE MONEY FLOW is the sum of negative money flows for a flow period of time. Index one calculates the money ratio MR by index the positive money flow by the negative money flow: And finally, one calculates the money flow index using the factory ratio: HIGH — the highest price of the current bar; LOW — the lowest price of the current bar; CLOSE — close price of the current bar; VOLUME — volume of money current bar. Trading Platform MetaTrader 5 Download Forex and Stock Markets Trading Charts Technical Analysis Fundamental Analysis Alerts Virtual Forex VPS Web Trading Comparison with MetaTrader 4 MetaTrader 5 Help Release Notes News Automated Trading MQL5 IDE Robots and Indicators MQL5 Programming Language MQL5 Wizard MetaEditor MetaEditor Help Strategy Tester MQL5. Money Money Index Money Flow Index MFI is the technical indicator, which indicates the rate at which money is invested into a security and then withdrawn from it. If prices grow while MFI falls or vice versathere is a great probability of a price turn; Money Flow Index value, which is over 80 or under 20, signals correspondingly of a potential peak or bottom of forex market. Calculation The calculation of Money Flow Index includes several stages. Trading Platform Forex Trading Market Signals Automated Trading Download For Brokers Factory CopyrightMetaQuotes Software Corp. money flow index forex factory

5 thoughts on “Money flow index forex factory”

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