Function calculateMFI

Calculate Money Flow Index (MFI) for a series of candles.

The Money Flow Index is a momentum oscillator that uses both price and volume to measure buying and selling pressure. It's often called the "Volume RSI" because it incorporates volume into the RSI formula.

The MFI oscillates between 0 and 100:

• Values above 80 typically indicate overbought conditions
• Values below 20 typically indicate oversold conditions
• Values above 50 suggest buying pressure dominates
• Values below 50 suggest selling pressure dominates

Example

import * as ta from 'chart-patterns';

const mfiValues = ta.MFI.calculateMFI(candles, 14);
console.log('Latest MFI:', mfiValues[mfiValues.length - 1]);

// Check for overbought/oversold conditions
const latestMFI = mfiValues[mfiValues.length - 1];
if (latestMFI && latestMFI > 80) {
  console.log('Overbought condition detected');
} else if (latestMFI && latestMFI < 20) {
  console.log('Oversold condition detected');
}
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