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Strategies & Market Trends : TA-Quotes Plus -- Ignore unavailable to you. Want to Upgrade?

To: Bob Jagow who wrote (7307)	10/21/1998 12:30:00 AM
From: Craig DeHaan	Read Replies (1) \| Respond to of 11149

Bob, I read past your double negatives, even in re-edit. Yes, price is the key vs. vol. But on further investigation the MFI scan values don't match MSWIN's too well. Maybe it has to do with average [hi+lo]/2 instead of typical [hi+lo+cl]/3; I'll see. Another clone I worked on to evaluate the last two day value differentials is even further off on the day-1 MFI calculation. Here's the text used for the original formulation. from the MSWIN help menu: ========================== The Money Flow Index (MFI) attempts to measure the strength of money flowing in and out of a security. It is closely related to the Relative Strength Index (RSI); however, the Money Flow Index accounts for volume action. The RSI incorporates price action only. Money flow (not the Money Flow Index) is calculated by determining the average price for the day and then comparing this figure to the previous day's average price. If today's average price is greater, it is considered positive money flow. If today's average price is less, it is considered negative money flow. Money flow for a specific day is calculated by multiplying the average price by the volume. Money Flow = Volume X *Average Price* Positive Money Flow is the sum of the positive money flow over the specified number of periods. Negative Money Flow is the sum of the negative money flow over the specified number of periods. Money Ratio = Positive Money Flow / Negative Money Flow Finally, the Money Flow Index is calculated using the following formula: Money Flow Index (MFI) = 100 - (100 / (1 + Money Ratio) ========================== Is something lacking in this description or do you think its just a foiled implementation? You mentioned this scenario not matching Wilder's, but there's something else askew here for a MSWIN non-sync. Argh!!! frequently dumber than dirt, Craig