Money Flow Index Indicator
The Money Flow Index (MFI) is a momentum indicator that uses both price and volume to measure the buying and selling pressure of an asset. It ranges from 0 to 100 and is typically calculated over 14 periods. An MFI above 80 suggests the asset is overbought, while an MFI below 20 indicates it is oversold. Traders use the MFI to identify potential trend reversals and confirm price movements.