Money Flow Index (MFI)

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

Parameter	Description
input	Indicator source data (Series<T>)
period	Number of bars used in the calculation

Examples

1 // Prints the current value of a 20 period MFI using default price type
2 double value = MFI(20)[0];
3 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.