How to Use Money Flow Index to Trade Crypto

Technical traders and chart readers use oscillators to help identify the direction of trends and the momentum, or strength, behind those trends. There are hundreds of oscillators, and many other indicators, that a technical trader might use on their charts. The Relative Strength Index (RSI) indicator is arguably one of the most popular oscillators, widely followed by technical traders.

The Money Flow Index is a close cousin, with a formula to that of the Relative Strength Index, but with one key enhancement. In this guide, we’ll unpack what the Money Flow Index is — and how to use it to trade Bitcoin and other crypto assets. 

What Is a Money Flow Index (MFI) Indicator?