Hi GinoE
The MFI is a momentum indicator that measures the strength of money flowing in and out. Its an index and measured each of your nominated periods. ie daily, hourly etc. Like an RSI. The formula is simple and the result is to look for divergence.
Typical price = high + low + close divided by 3. THEN
Money Flow = Typical price * Volume.
So, on my chart, illustrated by my divergence line and what the price is doing, Im looking for a that line to break out and trend up with confirmation which I haven't got yet. Again using it with other indicators as others have contributed.
IMUGENE CHART. TA only, page-32574
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Last
5.7¢ |
Change
0.003(5.56%) |
Mkt cap ! $417.2M | |||
| Open | High | Low | Value | Volume |
| 5.5¢ | 5.8¢ | 5.2¢ | $2.499M | 45.00M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1921794 | 5.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.7¢ | 1368288 | 7 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| IMU (ASX) Chart |