Saturday, October 11, 2008 11:01:37 PM
nice chart brikk, thanks for posting.
..and for those not so savvy TA guys, or ones like me trying to hone some basic skills, here is some info on the MFI indicator:
The Money Flow Index (MFI) is a momentum indicator that is similar to the Relative Strength Index (RSI) in both interpretation and calculation. However, MFI is a more rigid indicator in that it is volume-weighted, and is therefore a good measure of the strength of money flowing in and out of a security. It compares "positive money flow" to "negative money flow" to create an indicator that can be compared to price in order to identify the strength or weakness of a trend. Like the RSI, the MFI is measured on a 0 - 100 scale
http://stockcharts.com/school/doku.php?id=chart_school:technical_indicators:money_flow_index_mfi
..and for those not so savvy TA guys, or ones like me trying to hone some basic skills, here is some info on the MFI indicator:
The Money Flow Index (MFI) is a momentum indicator that is similar to the Relative Strength Index (RSI) in both interpretation and calculation. However, MFI is a more rigid indicator in that it is volume-weighted, and is therefore a good measure of the strength of money flowing in and out of a security. It compares "positive money flow" to "negative money flow" to create an indicator that can be compared to price in order to identify the strength or weakness of a trend. Like the RSI, the MFI is measured on a 0 - 100 scale
http://stockcharts.com/school/doku.php?id=chart_school:technical_indicators:money_flow_index_mfi
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