Money Flow Index (MFI) - Better Than RSI ? - Forex Day Trading

Money Flow Index or MFI, is an oscillator that is very popular among traders.
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It shows the overbought or oversold conditions of a stock or Forex pair, using the price and volume. This indicator is very similar to the RSI. RSI indicator calculates its values based on the price data alone. But Money Flow Index takes both Price and Volume data into consideration. MFI indicator can also be used to spot divergences.
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