You can just see the average size of the sells compared to the buys by watching the tape. (I wish there was a statistic that actually showed this??? Anyone?)
Money Flow Index (MFI) ?
I don't think it takes the size of the sells into account. That is really what I am looking for. But of note, look below at what JUST HAPPENED FOR THE FIRST TIME WITH THE CHALKIN MONEY FLOW. Hmmmmm
Money Flow - Chaikin Money Flow measures buying and selling pressure for a given period of time.
As a volume-weighted version of RSI, the Money Flow Index (MFI) can be interpreted similar to RSI. The big difference is, of course, volume. Because volume is added to the mix, the Money Flow Index will act a little differently than RSI. Theories suggest that volume leads prices.
Overbought and oversold levels can be used to identify unsustainable price extremes. Typically, MFI above 80 is considered overbought and MFI below 20 is considered oversold.
Quotes taken from -
http://stockcharts.com/school/doku.php?id=chart_school:technical_indicators:money_flow_index_mfiChalkin Money Flow - Overbought and oversold levels can be used to identify unsustainable price extremes. Typically, MFI above 80 is considered overbought and MFI below 20 is considered oversold.
Chaikin Money Flow can be used to define a general buying or selling bias simply with positive or negative values. The indicator oscillates above/below the zero line. Generally, buying pressure is stronger when the indicator is positive and selling pressure is stronger when the indicator is negative.
While this zero line cross seems simple enough, the reality is much choppier. Chaikin Money Flow sometimes only briefly crosses the zero line with a move that turns the indicator barely positive or negative. There is no follow through and this zero line cross ends up becoming a whipsaw (bad signal). Chartists can filter these signals with buffers by setting the bullish threshold a little above zero (+.05) and the bearish threshold a little below zero (-.05).
Quotes taken from -
http://stockcharts.com/school/doku.php?id=chart_school:technical_indicators:chaikin_money_flowSo, what might this mean?