The invention discloses a mixed flow magnetorheological valve which comprises a left end cover, a valve spool, a valve body, a guide disk, a magnetic disk, a positioning disk, a gasket, a coil, a sealing ring, a screw and a right end cover. A flow passage between the magnetic disk and the valve body forms an axial damping gap, and flow passages among the magnetic disk, the valve body and the valve spool form radial damping gaps. When current is inputted into the coil, magnetic lines vertically penetrate the axial and radial damping gaps, and the magnetic induction intensity is generated under the action of a magnetic field. The pressure difference in the axial and radial damping gaps can be controlled by adjusting the strength of the current. By the aid of the structure, the magnetorheological valve has enough pressure difference, clogging of the valve is avoided, the performance of the valve is more stable, the adjustable range of the pressure difference is wider, and the magnetorheological valve is accurate in damping gap positioning, compact in structure, small in size, convenient to assemble, particularly suitable for serving as a damper bypass valve and applied to damping systems of industries such as a railway and a traffic.