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Tickblaze platform access required. This product works exclusively with Tickblaze and requires the platform to be installed. Platform access is purchased separately.
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Please note: When you purchase and install any individual algo, all available free algos will also be automatically installed for your convenience.
Follow the Money. Trade with conviction.
The MFI Overbought/Oversold Algo is an automated trading solution for Tickblaze that generates trade signals based on the Money Flow Index reaching extreme levels. MFI is often called the volume-weighted RSI because it incorporates both price and volume data to measure buying and selling pressure. When MFI climbs above the overbought threshold, the algo signals a potential short. When it drops below oversold, it signals a potential long. By factoring in volume, MFI provides a more complete picture of whether an extreme reading has real money behind it.