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Strategies & Market Trends : Ask Vendit Off-Topic Questions
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To: MJ who wrote (8000)4/20/2005 5:47:46 PM
From: Vendit™  Read Replies (1) of 8752
 
MJ,

Below is the text book definition of Money Flow:

Money Flow Index (MFI) is a momentum indicator and a refinement of RSI that incorporates volume into the calculation and measures the strength of money flowing in and out of a security. As a momentum indicator look for tops to occur when the MFI hits 80 and for bottoms to occur when MFI is below 20. An investor looking for intermediate term highs and lows should consider 13 for the time period setting and for the more aggressive trader signals can be identified using 10 or 9 period setting.

Day traders might try using a 9 period setting on a 15/30 minute intraday chart. MFI is also a valuable divergence indicator. If the stock continues to make new reaction highs while MFI does not confirm those highs or lows (visa versa) a reversal is probably in order.

The above information and 50 cents will buy a cup of coffee. As I previously mentioned; Money Flow is a redundant indicator to William’s %R and why you do not see Money Flow used on my charts.

William’s % R begins to bend and changes directions about two hours before Money Flow begins to react on an intra-day time frame. This makes Williams %R a far superior indicator over Money Flow.

Both indicators are read in the same way so they are redundant; William’s has a faster reaction time. Now re-look at the AMZN chart with just those two indicators and you will see what I mean.

139.142.147.218

Reid
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