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| OCT 1989
Bi signal indicator by Joseph Barics
Bi signal indicator by Joseph Barics To minimize false signals associated with moving average crossings, I began searching for an indicator that would ""suggest first"" and ""confirm or reject later."" During this search I found interesting concepts in three articles published by Stocks & Commodities —""Volume-weighted RSI: Money flow,"" (March 1989), ""Money flow analysis,"" (February 1988) and ""Speeding up the oscillator"" (June 1989)—which I used with modifications to make up this indicator. The heart of this indicator is the Money Flow Index (MFI): ... Over any time period a trader selects, the positive money flow is the sum of hourly positive money flow; negative money flow is the sum of hourly negative money flow.
by Joseph Barics
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