stelaraX - MFI

stelaraX – MFI

stelaraX – MFI is a volume-weighted momentum oscillator that combines price movement and trading volume to measure buying and selling pressure. Unlike pure price-based oscillators, the Money Flow Index incorporates volume, making it especially useful for identifying strength behind price moves.

This indicator is part of the stelaraX ecosystem, focused on clean technical analysis and AI-supported chart evaluation
stelarax.com


Core logic

The Money Flow Index is calculated using the typical price (HLC3) and volume over a user-defined lookback period.

The calculation distinguishes between positive and negative money flow and converts the result into an oscillator ranging from 0 to 100.

Key components include:

* MFI value between 0 and 100
* overbought threshold to identify excessive buying pressure
* oversold threshold to identify excessive selling pressure

High MFI values indicate strong inflows of capital, while low values indicate capital outflows.


Visualization

The script plots:

* the MFI line in a separate indicator pane
* a configurable overbought level
* a configurable oversold level

The area between overbought and oversold levels is visually highlighted, allowing quick recognition of extreme money flow conditions.


Use case

This indicator is intended for:

* identifying overbought and oversold conditions with volume confirmation
* spotting potential reversals driven by volume imbalance
* confirming price trends with underlying money flow
* divergence analysis between price and volume-based momentum
* filtering trades based on participation strength

For traders who want to combine price action with volume-aware, AI-driven chart analysis, additional tools and insights are available at stelarax.com


Disclaimer

This indicator is provided for educational and technical analysis purposes only and does not constitute financial advice or trading recommendations. All trading decisions and risk management remain the responsibility of the user.