MFI

0th

Percentile

Money Flow Index

The MFI is a ratio of positive and negative money flow over time.

Keywords
ts
Usage
MFI(HLC, volume, n = 14)
Arguments
HLC

Object that is coercible to xts or matrix and contains High-Low-Close prices. If only a univariate series is given, it will be used. See details.

volume

Vector or matrix of volume observations corresponding to HLC object.

n

Number of periods to use.

Details

Money Flow (MF) is the product of price and volume. Positive/negative MF occur when today's price is higher/lower than yesterday's price. The MFI is calculated by dividing positive MF by negative MF for the past n periods. It is then scaled between 0 and 100.

MFI is usually calculated using the typical price, but if a univariate series (e.g. Close, Weighted Close, Median Price, etc.) is provided, it will be used instead.

Value

A object of the same class as HLC and volume or a vector (if try.xts fails) containing the MFI values.

Note

Divergence between MFI and price can be indicative of a reversal. In addition, values above/below 80/20 indicate market tops/bottoms.

References

The following site(s) were used to code/document this indicator: http://www.fmlabs.com/reference/default.htm?url=MoneyFlowIndex.htm http://www.linnsoft.com/tour/techind/mfi.htm http://stockcharts.com/school/doku.php?id=chart_school:technical_indicators:money_flow_index_mfi

See Also

See OBV and CMF.

Aliases
  • MFI
  • moneyFlow
Examples
library(TTR) # NOT RUN { data(ttrc) mfi <- MFI(ttrc[,c("High","Low","Close")], ttrc[,"Volume"]) # }
Documentation reproduced from package TTR, version 0.23-1, License: GPL-2

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