Registered User
Joined: 12/3/2005
Posts: 2
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Hi, I am a fairly new Worden Gold sub having bought a year's subscription in December 2005. I was referred to this training center by your phone support. I am trying to duplicate money flow from Bigcharts, but like Worden, they don't give out their formulas. However, I found this formula below somewhere, and I may find Chaiken's money flow at some point. So my question is this, can I program this in?
I have something that says MF = MF + (V x P)
where P = (H + L)/2 - (H + L)/2
MF, V,H,L are current period, unless they have a which means prior period.
My Dad is trying to program this in PCF - I gave him a trial copy of Worden Gold, which he likes, but we like moneyflow on Bigcharts a tad better than your proprietary moneystream. He says the problem is that we can't create a variable to maintain MF. Is there any way we can do this in Worden so that we can create our own moneyflow variable? Then we can better calibrate MS versus the other MF measures out there.
Thanks so much, and please refer this to Peter Worden as necessary!
The second question has to do with money flow and ticks. Does your MS run versus ticks or is it an abbreviated measure similar to the one above that just takes the day's volume? See FAJ article on Money Flow. I think Ticks are better, but apparently you only have that in Platinum, n'est ce pas? Also, I hear that Bloomberg has block and non-block money flow. Do you do anything like that?
If I could get the moneyflow I want on Worden, that would be the ultimate in happiness!
Best regards,
John Girton, CFA
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Registered User
Joined: 1/1/2005
Posts: 2,645
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John,
The indicator you describe can be constructed as a Custom Cumulative Indicator with:
Up Condition:
ABS(V)>=0.0
Down Condition:
ABS(V)<0.0
Value To Add/Subtract:
V*((H+L)/2-(H1+L1)/2)
Thanks,
Jim Murphy
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Registered User
Joined: 12/3/2005
Posts: 2
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Thanks, Jim: I have forwarded your Money Flow formula to my father for programming. I'll let you know what happens. Do you have any idea about the Tick question for MS I posted originally? Or whether there is block/non block MS capability on Worden?
Best regards,
John Girton
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Worden Trainer
Joined: 10/1/2004
Posts: 18,819
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MoneyStream is calculated based on the daily data. Tick information is not downloaded into TeleChart and MoneyStream calculates off of your downloaded data.
- Craig
Here to Help!
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