The MFI - Money Flow Index

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The MFI - Money Flow Index #424641 06/19/13 18:06 06/19/13 18:06
Joined: Apr 2013 Posts: 107 UK G Geek OP Member
Geek OP Member G Joined: Apr 2013 Posts: 107 UK	Just wondering if this indicator will be implemented in any future Zorro versions?

Re: The MFI - Money Flow Index [Re: Geek] #424668 06/20/13 07:10 06/20/13 07:10
Joined: Jul 2000 Posts: 27,986 Frankfurt jcl Chief Engineer
jcl Chief Engineer Joined: Jul 2000 Posts: 27,986 Frankfurt	There is no MFI for Forex or indices because they have no money volume. Stocks have, but then you'll need an additional volume history file. We have no experience with stock trading and think that stocks probably won't work well for automated trading.

Re: The MFI - Money Flow Index [Re: jcl] #424671 06/20/13 08:10 06/20/13 08:10
Joined: Apr 2013 Posts: 107 UK G Geek OP Member
Geek OP Member G Joined: Apr 2013 Posts: 107 UK	Again, many thanks for the reply jcl.

Re: The MFI - Money Flow Index [Re: jcl] #424705 06/20/13 15:15 06/20/13 15:15
Joined: Apr 2013 Posts: 107 UK G Geek OP Member
Geek OP Member G Joined: Apr 2013 Posts: 107 UK	Originally Posted By: jcl There is no MFI for Forex or indices because they have no money volume. Stocks have, but then you'll need an additional volume history file. We have no experience with stock trading and think that stocks probably won't work well for automated trading. Would it not give you more options for finding more pairs to use for statistical arbitrage scripts? I was researching Stat Arb out of interest the the other day, would you say this is possible in Zorro at this point in time?

Re: The MFI - Money Flow Index [Re: Geek] #424711 06/20/13 16:08 06/20/13 16:08
Joined: Jul 2000 Posts: 27,986 Frankfurt jcl Chief Engineer
jcl Chief Engineer Joined: Jul 2000 Posts: 27,986 Frankfurt	Sure, stat arb is possible with correlated currencies and commodities. For instance, XAU and XAG are strongly correlated.

Re: The MFI - Money Flow Index [Re: jcl] #424733 06/20/13 19:07 06/20/13 19:07
Joined: Apr 2013 Posts: 107 UK G Geek OP Member
Geek OP Member G Joined: Apr 2013 Posts: 107 UK	Great stuff, I find that Silver tends to overreact more % wise on moves than gold but they are sure correlated. Today's price action has been pretty strong.

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