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

To: Craig DeHaan who wrote (7308)	10/21/1998 1:40:00 AM
From: Bob Jagow	Respond to of 11149

Craig, The Equis site has two descriptions using typ: 1) A to Z 199.234.225.19 ---------------------- 2) the following under formulas is ascribed to a TASC sidebar: "The money flow index (MFI) is a volume-weighted form of the relative strength index (RSI). Instead of using up closes versus down closes, the MFI compares today's average price to yesterday's average price and then weighs the average price by volume to calculate money flow (MF). The ratio of the summed positive and negative money flows are then normalized to be on a scale of zero to 100." Here are the MetaStock™ formulas for the Money Flow Index: Positive Money Flow: sum ( if ( typ( ) > ref ( typ ( ) ,-1 ) ,V * typ ( ) ,0 ) , PERIODS) Negative Money Flow: sum ( if ( typ( ) < ref ( typ( ) ,-1) ,V * typ ( ) * -1 ,0 ) , PERIODS) Money Flow Ratio: fml ( "Positive Money Flow" ) / fml ( "Negative Money Flow" ) Money Flow Index: 100 - ( 100 / ( 1 + fml ( "Money Flow Ratio" ) ) ) -----------------