Registered User Joined: 1/10/2013 Posts: 91

In Schwabs platform there is a moneyflow indicator that I cant seem to get any indicators in TC2000 to match. The formula for it is below  I wrote the pcf for the back end but Im not sure about how to write the summation part if even possible. Im also not sure what the nperiod it uses is and of course their cust serv seems to be reading from a help file that I alerady have available whcich doesnt say. But I can play with that later. If not possible is there any indicator that I can use that returns a dollar value like this one does.
t
∑ (((C1L1)  (H1C1)) / H1L1) * V1
i=tn+1
Their description:
Money Flow keeps a running total of the money flowing into and out of a security.

Registered User Joined: 1/10/2013 Posts: 91

the symbol didnt come out right its supposed to be the E (summation) symbol

Worden Trainer
Joined: 10/7/2004 Posts: 65,138

That kind of looks like an intermediate step in the Chaikin Money Flow caclulations.
If we stop at the sum, we would get the following for a period of 21.
SUM((2 * C  L  H) / (H  L  (H = L)) * V, 21)
Your formula could be for 1bar ago, or it could be that the formula using a starting index of 1 instead of a starting index of 0 like we do. If it is 1bar ago, the formula would be the following.
SUM((2 * C1  L1  H1) / (H1  L1  (H1 = L1)) * V1, 21)
Note that you can actually can have a running total and not need to use a period at all if you create a Custom PCF Cumulative Indicator with the following settings.
Up Condition: C > C  1
Down Condition: C < C  1
Value to Add/Subtract: (2 * C  L  H) / (H  L  (H = L)) * V
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Registered User Joined: 1/10/2013 Posts: 91

The custom PCF Cumulative Indicator looks pretty exact. Doesnt have the same value but the charted line is the same on everything I've put it on so far. As always thanks for the excellent service.

Worden Trainer
Joined: 10/7/2004 Posts: 65,138

You're welcome.
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