Superior MFI

Superior MFI (Money Flow Index) is a remade version of the classic MFI, adapted for TradingView.

The Money Flow Index is often described as a volume-weighted RSI. While RSI measures momentum using only price changes, MFI adds trading volume into the formula.

This makes MFI less of a traditional oscillator and more of a tool for evaluating the balance of buying and selling pressure.

Why does this matter?

Because the calculation is based on volume, MFI reflects the principle that volume often precedes price. That makes it more forward-looking than RSI and especially useful for spotting potential reversals and divergences.

Divergences on MFI tend to be more meaningful, since they capture both the contrast between price and momentum and the shifts in actual market participation.

Key characteristics of Superior MFI

• Uses both price and volume, unlike RSI, which relies only on price

• Provides earlier signals by tracking volume flow ahead of price movement

• Highlights divergences with greater significance due to volume weighting

• Well-suited for analyzing reversals and pressure shifts in the market

• Offers a structured view of how volume and price interact, revealing dynamics not visible from price alone