Money Flow Index
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Actionable Intelligence:
MFI is used as an oscillator. A value of 80 is generally considered overbought, or a value of 20 oversold. Divergences between MFI and price action are also considered significant, for instance if price makes a new rally high but the MFI high is less than its previous high then that may indicate a weak advance, likely to reverse. For the purposes of the MFI, "money flow", (ie. dollar volume), on an up day is taken to represent the enthusiasm of buyers, and on a down day to represent the enthusiasm of sellers. An excessive proportion in one direction or the other is interpreted as an extreme, likely to result in a price reversal.
Description:
Y = 14 Day Money Flow Index
X = Time
Color = % Change of the ticker adjusted close (over 14 days)
Data source(s): Yahoo Finance
Update Frequency: Daily
Notes: To get the latest data update, go to Attribute on the main menu> manage external data> EQUITY data - check the box and press "Reload." To adjust the number of days in the calculation, double click on the Flag Alerts in the Lens Setting window and when the edit lens window comes up change instances of “14” to the desired level. Also, objects in space will need the “MFI” attribute.