ta.mfi() - Pine Script Function

ta.mfi()

Overview

Money Flow Index. The Money Flow Index (MFI) is a technical oscillator that uses price and volume for identifying overbought or oversold conditions in an asset.

Syntax

ta.mfi(series, length) → series float

Parameters

Name	Type	Description
series	series int/float	Series of values to process.

Returns

Money Flow Index.

Remarks

• na values in the source series are ignored; the function calculates on the length quantity of non-na values.

Examples

Example 1

//@version=6
indicator("Money Flow Index")
plot(ta.mfi(hlc3, 14), color=color.yellow)// the same on pinepine_mfi(src, length) => float upper = math.sum(volume * (ta.change(src) <= 0.0 ? 0.0 : src), length)
float lower = math.sum(volume * (ta.change(src) >= 0.0 ? 0.0 : src), length)
mfi = 100.0 - (100.0 / (1.0 + upper / lower))
mfi
plot(pine_mfi(hlc3, 14))

See Also

• ta.rsi
• math.sum