OscillatorMetaTrader 5 • MQL5

Money Flow Index Indicator for MetaTrader 5

Volume-weighted RSI that spots buying and selling pressure

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About This Indicator

The Money Flow Index (MFI) combines price and volume to measure buying and selling pressure, acting as a volume-weighted RSI. Highlights overbought and oversold zones with color coding and fires alerts at extreme levels.

Key Features

  • Volume-weighted oscillator (0 to 100)
  • Color zones for overbought and oversold readings
  • Alerts at configurable threshold levels
  • Configurable period (default 14)
  • Integrates volume for higher accuracy signals

Frequently Asked Questions

Why is MFI better than RSI?

MFI incorporates volume data, making it more reliable in confirming price movements because volume validates momentum.

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