Money Flow Index
VolumeOwn panel belowNeeds volumeThink of it as RSI with volume included.
What it looks like
Drawn by running the real calculation over one sample series. Open a symbol and it is recalculated on that symbol's bars.
How to read it
It weighs the money traded on up days against down days using the typical price, scaled 0–100. Above 80 and below 20 are the usual extremes.
Where it misleads
It cannot be computed without volume data.
Default settings
You can change these on the chart. These are the values it starts with.
In SQMATE
One tap to add
Open a symbol, tap the name in the indicator list and it is drawn straight away. You can stack several copies of the same indicator with different settings.
Recalculated per timeframe
Switch between minute, hourly, daily, weekly or monthly bars and it is recalculated on that timeframe. The maths runs over every bar loaded, so zooming never moves the line.
Use it as a search condition
Some indicators can also be used as an axis when searching for symbols — for example, keeping only symbols above a given reading, scanned every night.
Related indicators
- Ease of MovementHow easily price moved relative to the volume it took.
- Elder Force IndexThe size of the price move multiplied by the volume behind it.
- Klinger OscillatorCompares the direction of volume through a short and a long lens.
- Price Volume TrendA running total that adds only the fraction of volume matching the day's percentage move.
- Negative Volume IndexA running total that only changes on days when volume fell.
- Positive Volume IndexA running total that only changes on days when volume rose.
Every indicator is an observation computed from past bars. It does not tell you future prices and it is not investment advice.