Money Flow Index with Selectable Applied Price Inputs

Summary

This indicator modification keeps the standard Money Flow Index calculation but lets users choose which price series supplies its input. Available choices include close, open, high, low, median, typical, and weighted close prices. The document explains how each composite price is formed, while the MFI itself is otherwise described as using its conventional calculation.

The material is a brief indicator note rather than a trading strategy or performance study. It gives no signal rules, parameter tuning, comparative evidence, or tests showing that any applied-price choice improves results. Traders can use it to understand the configurable input, but should evaluate the resulting indicator in their own market and timeframe before relying on it.

Key ideas

• The indicator applies the standard Money Flow Index calculation to a selectable price series.
• Users can choose close, open, high, or low as the input price.
• Median, typical, and weighted-close prices are also available as inputs.
• The document provides no evidence that one price choice performs better than another.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.