Money Flow Index (MFI)

<< Click to Display Table of Contents >>

Navigation:  NinjaScript > Language Reference > Common > System Indicator Methods >

Money Flow Index (MFI)

 Previous page Return to chapter overview Next page

Description

The Money Flow Index (MFI) is a momentum indicator that is similar to the Relative Strength Index (RSI) in both interpretation and calculation. However, MFI is a more rigid indicator in that it is volume-weighted, and is therefore a good measure of the strength of money flowing in and out of a security.

 

... Courtesy of StockCharts

 

 

Syntax

MFI(int period)
MFI(ISeries<double> input, int period)

 

Returns default value
MFI(int period)[int barsAgo]
MFI(ISeries<double> input, int period)[int barsAgo]

 

 

Return Value

double; Accessing this method via an index value [int barsAgo] returns the indicator value of the referenced bar.

 

 

Parameters

input

Indicator source data (?)

period

Number of bars used in the calculation

 

 

Example

ns

// Prints the current value of a 20 period MFI using default price type
double value = MFI(20)[0];
Print("The current MFI value is " + value.ToString());

 

 

Source Code

You can view this indicator method source code by selecting the menu New > NinjaScript Editor > Indicators within the NinjaTrader Control Center window.