Purpose of the Money Flow Index
The Money Flow Index (MFI) measures the strength of money flowing into and out of a symbol. It works like the RSI but includes volume, moving between 0 and 100. Values above 80 are usually read as overbought and values below 20 as oversold.
How It Works
When you select Money Flow Index (MFI) in the Trade Rule block, you can configure it with the following settings:
Period of MFI
The number of candles used for the calculation (standard: 14).
Time Frame of MFI
Sets the chart time frame for the MFI calculation.
Can be replaced with a variable or input for quick testing and optimization.
Candle ID of MFI
Defines which candle the calculation starts from.
0: Current candle (still forming).
1: Most recently closed candle.
Higher IDs refer to older candles.
Volume Type
Choose between tick volume or trade volume
Adjust of MFI (Modify the Result)
Apply an adjustment to the calculated value by adding, subtracting, multiplying, or dividing by a number.
Example
If you set:
Period: 14
Candle ID: 1
You get the MFI value of the most recently closed candle, between 0 and 100.
Use Cases
Detect overbought conditions above 80.
Detect oversold conditions below 20.
Spot divergence between price and money flow.
⚠ Tip: Because the MFI includes volume, it can confirm whether a move has real participation. Combine it with a trend filter in trending markets.