Forex encyclopedia

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.
Popular article: Renko Trading System
This type of chart is applied in technical analysis, which renders movement of the price in the form of diagonal rows consisting from rectangles (bricks). Each new rectangle is always built to the right from the previous one and its location is higher or below the previous Renko rectangle. Mentioned upward or downward movement of price (for example, each 10 points) is marked by adding rectangle below (above) and to the right from the previous one. Upward movement is indicated by a transparent brick whereas downward movement (below previous value) – by a colored brick.
New in Encyclopedia
Picture of the day
Forex trading in Pakistan
Forex encyclopedia
Forex encyclopedia “Clever FX” is the unique service created by FreshForex to introduce world of Forex to traders. The main purpose is to share knowledge of experienced traders with novice traders in simple and convenient form. Every trader will be able to learn something new here. If you are a professional trader, we invite you to write an article for “Clever FX” and get reward. Let's write Forex history together!
Close
Log in
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .
manager photo manager photo
Online-support
We will be pleased to answer any questions you may have

Write

Get bonus