VOLUME FLOW INDICATOR
Posted: Sat Dec 08, 2012 6:49 pm
This indicator was first introduced by Markos Katsanos,
June 2004 article in Technical Analysis of STOCKS & COMMODITIES.
A level above zero is considered bullish and indicates accumulation.
Values below zero indicate distribution.
A divergence in volume can be evidence of a reversal.
The VFI is based on Balance Volume (OBV)