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Registered User Joined: 10/6/2011 Posts: 8
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I'm looking customize the Money Flow Index and be able to scan outflows and inflows intraday & on a daily basis in any security..
Is it possible to scan for large block trades? signficant volume distribution from a stock?
If possible, I would like to be able to scan significant outflows on stocks underlying strength...
If possible, I would like to be able to scan for buying on stock weakness...
Chart below to give a better explaination!
Thank you very much!!!
TOTAL MONEY FLOW
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BLOCK TRADES
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Company |
Price |
Chg |
% Chg |
1-wk
% chg |
Money Flow |
Tick
Up |
Tick
Down |
Up/Down Ratio |
Money Flow |
Tick
Up |
Tick
Down |
Up/Down Ratio |
AT&T (T) |
$31.74 |
0.02 |
0.06 |
2.85 |
$-128.77 |
$85.53 |
$214.30 |
0.40 |
$-123.67 |
$10.02 |
$133.69 |
0.07 |
Qualcomm (QCOM) |
63.26 |
1.40 |
2.26 |
1.62 |
-92.85 |
159.97 |
252.82 |
0.63 |
-88.09 |
35.01 |
123.10 |
0.28 |
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Worden Trainer
Joined: 10/7/2004 Posts: 65,138
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It would be possible to identify trades which are greater than 10,000 shares or $200,000 using the Tick Time Frame, but the amount of Tick data is available is very limited (probably too limited for your purposes).
As to creating a modified Money Flow Index, we would need to start with a specific description of the actual calculations you wanted to use instead.
-Bruce Personal Criteria Formulas TC2000 Support Articles
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Registered User Joined: 10/6/2011 Posts: 8
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Bruce,
Thanks for the prompt response. What I'm looking to do is to find stocks that have a positive 1% change over the last week & significant money flows & distributive volume is coming out of the particular security (Selling on strength)...
http://online.wsj.com/mdc/public/page/2_3022-mflppg-moneyflow.html
This is what I'm trying to replicate if it sounds confusing... ^^^^
We can use the usual money flow calculations... I'm looking to implement the 1%+ change over the last week.
* 1. Typical Price = (High + Low + Close)/3
* 2. Raw Money Flow = Typical Price x Volume
* 3. Positive Money Flow = Sum of positive Raw Money Flow over 14 periods.
* 4. Negative Money Flow = Sum of negative Raw Money Flow over 14 periods.
* 5. Money Flow Ratio = (Positive Money Flow)/(Negative Money Flow)
* 6. Money Flow Index = 100 - 100/(1 + Money Flow Ratio)
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Worden Trainer
Joined: 10/7/2004 Posts: 65,138
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We can check for at least a 1% positive change in price over 1-week rather easily. On a Daily Time Frame this could be written as:
C / C5 >= 1.01
But I'm not understanding how you want to incorporate this into the Money Flow calculations.
-Bruce Personal Criteria Formulas TC2000 Support Articles
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Registered User Joined: 10/6/2011 Posts: 8
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Bruce,
Lets say for AAPL.. I want the total amount of up ticks and down ticks for the day (Calculated separtely)... Is that possible?
Thanks!
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Worden Trainer
Joined: 10/7/2004 Posts: 65,138
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No, it is not. There is not enough Tick data available in StockFinder to do the calculations.
-Bruce Personal Criteria Formulas TC2000 Support Articles
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