Metastock 6.0 for Window Message Board

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Strategies & Market Trends : Metastock 6.0 for Window

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To: Richard Estes who wrote (2268)	9/16/1998 1:50:00 PM
From: Bald Man from Mars	Read Replies (1) of 4056

I would like to plot the 13 days Money Flow index that you can find on the following askresearch.com does anyone know how to write the formula so that I can plot it in Metastocks ... Metastocks have a Money Flow Index and Chaikan's Money Flow Index, but it seems different, the definition of Money Flow Index from the above link is: The MFI is a volume-weighted variation of Wilder's RSI that is calculated by comparing today's average price to yesterday's average price and then weighing that average by the days volume. The ratio of the summed positive and negative money flows are then normalized on a scale of 100 to zero. Look for tops when a reading of 80 occurs and bottoms when 20 is reached. As with many momentum indicators watch for divergence between it and the stock price when new reaction highs or lows are made.

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