Money Flow Index

The Money Flow Index tracks the amount of capital entering or leaving an asset. Unlike the standard TradingView MFI, this version focuses on identifying Absolute Strength Zones.

MFI Columns

• Logic: Typical Price multiplied by Volume, smoothed to show the net capital flow.

• Strong Zones: The indicator calculates a historical average of "Positive" and "Negative" money flow bars.

  • Bright Color: When the current MFI bar exceeds its historical average, it indicates Strong Momentum Participation.

  • Dim Color: Indicates standard or weak participate.

Average Band Paths

The line plots above and below the columns represent the "Average Flow Threshold".

• Upper Band: The average buying intensity.

• Lower Band: The average selling intensity.

Strategic Use

When the Momentum Wave is rising and the MFI Columns are bright bullish, it indicates a "Health Trend" where price action is being supported by volume. If the wave rises but MFI is weak or dim, it warns of a low-volume "Trap".