Money Flow (MFI)

The Money Flow (MFI) indicator is a custom tool that blends price action with volume analysis to help you assess market momentum. It calculates a Money Flow value by taking the difference between the close and open, normalized by the price range (high minus low), then multiplies this by a user-defined factor and smooths the result using a simple moving average. An offset is subtracted to set a zero reference, which helps you quickly determine if the indicator is in positive territory (suggesting bullish money flow) or negative territory (suggesting bearish money flow).