Money Flow Index

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The Money Flow Index function computes a relationship between the typical stock price and stock volume over a specified number of time periods. Resulting values range between 0 and 100. MFI is similar to the Relative Strength Indicator except that it incorporates volume. Applications of Money Flow Index include identifying market tops and market bottoms, and indicating price reversals.

1. Syntax

MONEYFLO(d0,d1,d2,d3,s0)

2. Input

The Money Flow Index function requires the following input series:

  • d0 - High data values - The first set of data values for which the Money Flow Index is calculated, usually the daily high price of a stock.
  • d1 - Low data values - The second set of data values for which the Money Flow Index is calculated, usually the daily low price of a stock.
  • d2 - Close data values - The third set of data values for which the Money Flow Index is calculated, usually the daily close price of a stock.
  • d3 - Volume data values - The fourth set of data values for which the Money Flow Index is calculated, usually the daily volume.

3. Parameters

The Money Flow Index function has the following parameter:

  • s0 - Period - The number of time periods to use in the calculation. Default value is 5.

4. Output

The Money Flow Index function generates the following output:

  • Money Flow Index - The Money Flow Index result set.

5. See also

Dundas Data Visualization, Inc.
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Toronto, ON, Canada
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