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Random article: Money Flow Index
Money Flow Index (MFI) – is a technical indicator showing intensity of investments into security. In many respects this indicator is similar to the Relative Strenght Index, RSI. The only difference is that MFI also accounts for the volume (tick volume in Forex), whereas RSI does not. Also, in opinion of most part of analysts MFI is a more reliable indicator and can be a more universal figure for measuring strength of flows of money invested or deducted from a certain financial instrument.
Pivot Point, PP set the level, around which price moves. In other words, it is the level, from which price bounces to move to a certain direction. PP method was developed by John L. Person in 2007 for intraday trading. The purpose of this method is to find future resistance and support levels judging by prices of the last candle.
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