MFI or Money Flow Index as a strategy is quite similar to RSI or Relative Strength Index. The key differentiator for MFI is the consideration of volume.
Money Flow Index oscillator:
MFI uses both price and volume to measure buying and selling pressure.
MFI oscillates between 0 to 100.
Intuitively, the volume-weighted feature makes MFI a comparatively...
Trendlines are the simplest chart pattern you can find, but they are some of the most widely used, and for good reason.
They highlight a price trend going up, down, or sideways. Which therefore will be used for further analysis and other chart patterns, but what many people don't know are the specifics of trendlines. Firstly, widely-touched trendlines (about a...