Money Flow Index (MFI)
MFI is a momentum indicator.
It measures the flow of money.
Money Flow Indicator incorporates volume. (Remember that RSI only consider the price)
You can change the preset values.
Oversold levels normally set to 20. ( Less than 20, there will be fewer signals and more than 20 you will get more false signals )
Overbought levels happen above 80. ( More than 80, there will be fewer signals and less than 80 you will get more false signals )
Divergences are also important which I will cover in another video.
It measures the flow of money.
Money Flow Indicator incorporates volume. (Remember that RSI only consider the price)
You can change the preset values.
Oversold levels normally set to 20. ( Less than 20, there will be fewer signals and more than 20 you will get more false signals )
Overbought levels happen above 80. ( More than 80, there will be fewer signals and less than 80 you will get more false signals )
Divergences are also important which I will cover in another video.
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