The Volume Flow Indicator (VFI) indicator is based on the On Balance Volume (OBV) but with modifications:
Positive readings are bullish and negative bearish .
The calculation is based on the day’s median.
A volatility threshold takes into account minimal price changes and another threshold eliminates excessive volume .
A simplified interpretation of the VFI is that values above zero indicate a bullish state and the crossing of the zero line is the trigger or buy signal.
The strongest signal with all money flow indicators is of course divergence.
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For downloading demo version free kindly download from link below:
For downloading demo version free kindly download from link below:
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the inputs are for calculation of the VFI and you can change them and find your own best settings
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