Volume & money flow · daily rule · Metals & mining
Money Flow Index on Vizsla Silver
VZLA with the play, last two years
Shading shows the play's call from the close that triggered it.
Money Flow Index (14)
Dashed lines at 20, 80.
Growth of C$10,000 since 2018
Log scale. After trading costs, with T-bill interest while out.
The record
The play against buying and holding VZLA over exactly the same dates, after costs.
| Play, since 2018 | Hold, since 2018 | Play, 5 yrs | Hold, 5 yrs | |
|---|---|---|---|---|
| Annual return | +27.9% | +51.8% | +20.8% | +14.0% |
| Total return | +603% | +2,637% | +156% | +92% |
| Worst drawdown | −60.2% | −73.1% | −60.2% | −64.8% |
| Volatility | 46.0% | 90.8% | 42.9% | 61.7% |
| Sharpe ratio | 0.70 | 0.83 | 0.57 | 0.46 |
| Time invested | 38% | 100% | ||
| Switches per year | 4.2 | 0 |
Every call, graded
Right on 23 of 33 closed calls (70%). In calls averaged +14.4%; out calls saw VZLA move +27.3% on average.
| Called | Call | Price | Until | VZLA moved | Result |
|---|---|---|---|---|---|
| Mar 27, 2026 | IN | C$4.36 | now | +9.9% | open |
| Jun 10, 2025 | OUT | C$4.70 | Mar 27, 2026 | −7.2% | ✓ right |
| Apr 9, 2025 | IN | C$2.70 | Jun 10, 2025 | +74.1% | ✓ right |
| Feb 7, 2025 | OUT | C$3.16 | Apr 9, 2025 | −14.6% | ✓ right |
| Nov 14, 2024 | IN | C$2.46 | Feb 7, 2025 | +28.5% | ✓ right |
| Mar 19, 2024 | OUT | C$1.63 | Nov 14, 2024 | +50.9% | ✕ wrong |
| Feb 29, 2024 | IN | C$1.49 | Mar 19, 2024 | +9.4% | ✓ right |
| Dec 8, 2023 | OUT | C$1.54 | Feb 29, 2024 | −3.2% | ✓ right |
| Oct 10, 2023 | IN | C$1.39 | Dec 8, 2023 | +10.8% | ✓ right |
| Sep 20, 2023 | OUT | C$1.52 | Oct 10, 2023 | −8.6% | ✓ right |
| May 31, 2023 | IN | C$1.66 | Sep 20, 2023 | −8.4% | ✕ wrong |
| Mar 20, 2023 | OUT | C$1.98 | May 31, 2023 | −16.2% | ✓ right |
An in call is right when the price rose before the next call; an out call is right when it fell. The latest 12 of 34 calls shown.
How the play works
- In when the 14-day MFI crosses up through 20.
- Out when it crosses down through 80.
The creators also stress divergences, which this rule ignores.
The case against
Valeriy Zakamulin tested moving-average timing on up to 155 years of U.S. stock data and found no statistically significant edge in the second half of that record. The rules earned their keep in a few severe bear markets and lagged buy and hold for long stretches in between.