Money Flow Index With Bullish & Bearish Signals
For Tradingview
FREE INDICATOR
Money Flow Index shows whether money is coming into the market or going out of the market. This can be used to gauge market sentiment and whether people are buying or selling at the current price.
How To Use
If the MFI line is green, it is above the 50 line and in a bullish trend. If the MFI line is red, it is below the 50 line and in a bearish trend. If the background color is green, Money Flow is in a bullish trend, holding above the 50 line. If the background color is red, Money Flow is in a bearish trend, holding below the 50 line. If the MFI is above the 75 level it indicates a possible top or overbought conditions. If the MFI is below the 25 level it indicates a possible bottom or oversold conditions.
Bullish & Bearish Labels
There is also a label on the right side that tells you whether the overall trend is bullish or bearish, if there is a possible bottom or top and if the current money flow index is going up or down. This table updates in real time and changes colors so you can get an easy, quick interpretation of the current money flow without having to look at the data so you can make faster decisions on whether to enter or exit a trade. The flashing from red to green or the opposite also grabs your attention so you know immediately if there is a change in trend. The table changes colors in sync with the MFI line and it’s trends and bottom/top areas. Green means money is coming in. Red means money is going out. Blue means a neutral amount of money flow.
Markets
This indicator can be used as a signal on all markets, including stocks, crypto, futures and forex.
Timeframes
This Money Flow Index indicator can be used on all timeframes.
Tips
Try using numerous indicators of ours on your chart so you can instantly see the or bearish trend of multiple indicators in real time without having to analyze the data. Some of our favorites are our Volume Based Auto Support & Resistance, Sell Buy Indicator, Buy Sell Signal Scanner, Auto Fibonacci, DMI, Momentum and Volume Profile or any combination of those with this Money Flow Index. They all have real time bullish and bearish labels as well so you can immediately understand each indicator’s trend.
Release Notes
May 11, 2022: Added the ability to turn the bull/bear label on or off for better viewing on the mobile app or users that don’t want the label.