Money Flow

Description

Money Flow calculates the typical price multiplied by volume. Money Flow is the core component of the Money Flow Index (MFI) indicator. Money Flow itself is not an indicator, rather a mathematical function used to construct other indicators.

How this indicator works

See the Money Flow Index (MFI) definition and application

Calculation

Money Flow is the typical price multiplied by Volume.

Typical Price = (High + Low + Close) / 3
Money Flow = Volume x Typical Price