R: Money Flow Index

MFI {TTR} | R Documentation

## Money Flow Index

### Description

The MFI is a ratio of positive and negative money flow over time.

### Usage

    MFI(HLC, volume, n = 14)

### Arguments

`HLC` | Object that is coercible to xts or matrix and contains High-Low-Close prices. If only a univariate series is given, it will be used. See details.
`volume` | Vector or matrix of volume observations corresponding to `HLC` object.
`n` | Number of periods to use.

### Details

Money Flow (MF) is the product of price and volume. Positive/negative MF occur when today's price is higher/lower than yesterday's price. The MFI is calculated by dividing positive MF by negative MF for the past `n` periods. It is then scaled between 0 and 100.

MFI is usually calculated using the typical price, but if a univariate series (e.g. Close, Weighted Close, Median Price, etc.) is provided, it will be used instead.

### Value

A object of the same class as `HLC` and `volume` or a vector (if `try.xts` fails) containing the MFI values.

### Note

Divergence between MFI and price can be indicative of a reversal. In addition, values above/below 80/20 indicate market tops/bottoms.

### Author(s)

Joshua Ulrich

### References

The following site(s) were used to code/document this indicator:
http://www.fmlabs.com/reference/default.htm?url=MoneyFlowIndex.htm
http://www.linnsoft.com/tour/techind/mfi.htm
http://stockcharts.com/school/doku.php?id=chart_school:technical_indicators:money_flow_index_mfi

### See Also

See `OBV` and `CMF`.

### Examples

    data(ttrc)
    mfi <- MFI(ttrc[,c("High","Low","Close")], ttrc[,"Volume"])

[Package TTR version 0.23-1 Index]