Using only the Money flow index is dangerous game do your own analysis!...
The Money Flow Index (MFI) is a technical indicator that uses price and volume to identify overbought or oversold conditions in a security, similar to the Relative Strength Index (RSI) but incorporating volume data. It's a momentum oscillator ranging from 0 to 100, with readings above 80 often suggesting an overbought market (potential sell signal) and readings below 20 indicating an oversold market (potential buy signal). Traders use the MFI to confirm price trends, identify divergences (warnings of trend reversals), and gauge investor conviction behind price moves
The Money Flow Index (MFI) is a technical indicator that uses price and volume to identify overbought or oversold conditions in a security, similar to the Relative Strength Index (RSI) but incorporating volume data. It's a momentum oscillator ranging from 0 to 100, with readings above 80 often suggesting an overbought market (potential sell signal) and readings below 20 indicating an oversold market (potential buy signal). Traders use the MFI to confirm price trends, identify divergences (warnings of trend reversals), and gauge investor conviction behind price moves
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The probabilities is we go up with our risk down as a "Red flag"I do more in depth studies of stocks on my twitter account. Hope you would enjoy it there as you are enjoying it here.
****** Past performance is no guarantee of future results***
twitter.com/samitrading1
****** Past performance is no guarantee of future results***
twitter.com/samitrading1
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.
I do more in depth studies of stocks on my twitter account. Hope you would enjoy it there as you are enjoying it here.
****** Past performance is no guarantee of future results***
twitter.com/samitrading1
****** Past performance is no guarantee of future results***
twitter.com/samitrading1
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.