The money flow index (MFI) is an oscillator that ranges from 0 to 100. It is used to show the money flow (an approximation of the dollar value of a day's trading) ...MoneyflowindexFromWikipedia,thefreeencyclopediaJumptonavigationJumptosearchThisarticleneedsadditionalcitationsforverification.Pleasehelpimprovethisarticlebyaddingcitationstoreliablesources.Unsourcedmaterialmaybechallengedandremoved.Findsources: "Moneyflowindex" – news ·newspapers ·books ·scholar ·JSTOR(June2013)(Learnhowandwhentoremovethistemplatemessage)Themoneyflowindex(MFI)isanoscillatorthatrangesfrom0to100.Itisusedtoshowthemoneyflow(anapproximationofthedollarvalueofaday'strading)overseveraldays.Contents1ThestepstocalculatethemoneyflowindexoverNdays1.1Step1:Calculatethetypicalprice1.2Step2:Calculatethepositiveandnegativemoneyflow1.3Step3:Calculatethemoneyratio1.4Step4:Calculatethemoneyflowindex2Uses3Similarindicators4References5ExternallinksThestepstocalculatethemoneyflowindexoverNdays[edit]Step1:Calculatethetypicalprice[edit]Thetypicalpriceforeachdayistheaverageofhighprice,thelowpriceandtheclosingprice.typical price=high+low+close3{\displaystyletypical\price={high+low+close\over3}}Step2:Calculatethepositiveandnegativemoneyflow[edit]Themoneyflowforacertaindayistypicalpricemultipliedbyvolumeonthatday.money flow=typical price×volume{\displaystylemoney\flow=typical\price\timesvolume}Themoneyflowisdividedintopositiveandnegativemoneyflow.Positivemoneyflowiscalculatedbyaddingthemoneyflowofallthedayswherethetypicalpriceishigherthanthepreviousday'stypicalprice.Negativemoneyflowiscalculatedbyaddingthemoneyflowofallthedayswherethetypicalpriceislowerthanthepreviousday'stypicalprice.Iftypicalpriceisunchangedthenthatdayisdiscarded.Step3:Calculatethemoneyratio[edit]Themoneyratioistheratioofpositivemoneyflowtonegativemoneyflow.money ratio=positive money flownegative money flow{\displaystylemoney\ratio={positive\money\flow\overnegative\money\flow}}Step4:Calculatethemoneyflowindex[edit]MFI=100−1001+money ratio{\displ