Easy MFI (14) - Momentum Oscillator for Forex

About Easy MFI (14) - Momentum Oscillator for Forex

The Money Flow Index (MFI) is an oscillator that uses both price and volume to measure buying and selling pressure. Created by Gene Quong and Avrum Soudack, MFI is also known as volume-weighted RSI. MFI starts with the typical price for each period. Money flow is positive when the typical price rises (buying pressure) and negative when the typical price declines (selling pressure). A ratio of positive and negative money flow is then plugged into an RSI formula to create an oscillator that moves between zero and one hundred. As a momentum oscillator tied to volume, the Money Flow Index (MFI) is best suited to identify reversals and price extremes with a variety of signals.

Overbought and oversold levels can be used to identify unsustainable price extremes. Typically, MFI above 80 is considered overbought and MFI below 20 is considered oversold. However, strong trends can present a problem for these classic overbought and oversold levels. MFI can become overbought (>80) and prices can simply continue higher when the uptrend is strong. Conversely, MFI can become oversold (<20) and prices can simply continue lower when the downtrend is strong.

Easy MFI provides a comprehensive dashboard that allows you to view the MFI values of multiple instruments across 6 timeframes (M5, M15, M30, H1, H4, D1) at one glance. In this way, you do not miss out any trading opportunities even on the go.

Below are some of the key features of the app.

- Timely display of MFI values on multiple instruments (Forex, Commodities and Cryptocurrencies) across 6 timeframes (M5, M15, and M30 are only available for subscribers on the watch list),
- Timely push notification alert when MFI reaches overbought/oversold levels for your favourite instruments on your watch list,
- Display headline news of your favourite instruments,
- Economic Calendar of upcoming events

Easy Indicators relies on your support to fund its development and server costs. If you like our apps and wish to support us, kindly consider subscribing to Easy MFI Premium. This subscription removes all advertisements within the app, allows you to view all timeframes (including M5, M15, M30), commodities and cryptocurrencies. Your subscription also supports the development of future enhancements.

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Disclaimer/Disclosure
Forex trading on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade forex, you should carefully consider your investment objectives, level of experience, and risk appetite. You must be aware of the risks of investing in forex and be willing to accept them in order to trade in these markets. Trading involves substantial risk of loss and is not suitable for all investors.

EasyIndicators has taken great measures to ensure the accuracy and timeliness of the information in the application, however, does not guarantee its accuracy and timeliness, and will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from the use of or reliance on such information, inability to access the information, for any delay in or failure of the transmission or the receipt of any instruction or notifications sent through this application.

The Application Provider (EasyIndicators) reserves the rights to stop the service without any advance notification.