Registered User
Joined: 9/27/2006
Posts: 7
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Per the help, tsv meaures the "amount of money flowing into (out of) a stock" using price and volume. Obviously, total dollars invested in a stock is determined by the price times volume.
What is the indicator to determine money flow direction? Do we simply ASSUME that IF the close is higher than the open, THEN money is flowing in (and vica versa for flowing out)?
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Registered User
Joined: 1/1/2005
Posts: 2,645
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QUOTE (jdh) What is the indicator to determine money flow direction? Do we simply ASSUME that IF the close is higher than the open, THEN money is flowing in (and vica versa for flowing out)?
jdh,
No.
If your statement had been:
Do we simply ASSUME that IF the close is higher than the previous close, THEN money is flowing in (and vice versa for flowing out)?
my response would have been:
Yes. But, only in the sense that TSV1 always has the same sign as C-C1.
Thanks,
Jim Murphy
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