Prime Television (PRT)

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Money Flow Index (MFI) is a volume-based indicator it could be used in technical analysis to measure the strength of money flow in and out of a security index and market. The principle of MFI calculation is a comparison of positive money flow to negative money flow. MFI is also known as volume-weighted RSI. MFI starts with the typical price for each period. The same as RSI the MFI scale is between 0 and 100.

Calculation: Money Flow Index (MFI):
1) Typical Price = (High + Low + Close)/3;
2) Raw Money Flow = Typical Price x Volume;
3) Money Flow Ratio = (14-period Positive Money Flow)/(14-period Negative Money Flow);
4) Money Flow Index = 100 - 100/(1 + Money Flow Ratio)

PROFILE: Prime Television (PRT.AX)

Stock Exchange: ASX
Company: Prime Television
Ticker Codes: | PRT.AX | ASX:PRT |

About Prime Television (ASX:PRT):

Prime Media Group Limited provides commercial television broadcasting services in Australia. The company offers free-to-air television broadcasting services under the PRIME7 and GWN7 brands in the regional New South Wales, the Australian Capital Territory, regional Victoria, the Gold Coast area of Southern Queensland, and regional Western Australia. Prime Media Group Limited is based in Watson, Australia.

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Money Flow Index

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