Money Flow Index (MFI) is the indicator, which indicates the rate at which money is invested into a security and then withdrawn from it.
Construction and interpretation of the indicator is similar to Relative Strength Index with the only difference that volume is important to MFI.
When analyzing the money flow index one needs to take into consideration the following points:
This version has additional JMA smoothing added to it in order to be able to identify and assess trend changes.
Choppy market index - smoothedAnchored_Momentum
Anchored Momentum indicator by Rudy Stefenel was first proposed in the "Technical analysis of Stocks and Commodities" magazine in 1998.