Registered User
Joined: 11/13/2009
Posts: 14
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This concerns the scaling for this indicator. When the number is minus, does that mean selling - distribution is taking place, even though the slope of the line is heading almost straight up? I assume because the scaling numbers are going down and slope of line is up there is less selling pressure?
Would I be correct in thinking I need to see positive numbers on the scale for a stronger confirmation.
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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MoneyStream is cumulative and its actual value is completely meaningless (it will vary depending on the amount of data used in the calculation). You are interested only in the direction of MoneyStream or where it might be in relationship to a child indicator of MoneyStream such as its range or a Moving Average.
Dealing with OBV & MS in PCF's - how to interp their "values"
Basic Info on BOP, TSV and MoneyStream
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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Registered User
Joined: 11/13/2009
Posts: 14
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Bruce;
Thanks for the fast response and adding the link about how to interpret there values.
Jack H
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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You're welcome.
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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