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Registered User
Joined: 4/15/2005
Posts: 7
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doesthe moneyflow index follow the downtrend with an uptrend in the moneyflow? maybe you can understand the question... thanks. d.
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Worden Trainer
Joined: 10/1/2004
Posts: 18,819
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Moneyflow or our MoneyStream? Can you elaborate more so I am sure I understand your question?
- Craig
Here to Help!
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Registered User
Joined: 4/15/2005
Posts: 7
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money flow. can the indicater movement go up as the price goes down?
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Worden Trainer
Joined: 10/1/2004
Posts: 18,819
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Sure.
Plot this as a CUSTOM INDICATOR (it is Money Flow)
((2*C-L-H)/
(H-L+.000001)*V
+(2*C1-L1-H1)/
(H1-L1+.000001)*V1
+(2*C2-L2-H2)/
(H2-L2+.000001)*V2 +
(2*C3-L3-H3)/
(H3-L3+.000001)*V3
+(2*C4-L4-H4)/
(H4-L4+.000001)*V4
+(2*C5-L5-H5)/
(H5-L5+.000001)*V5 +
(2*C6-L6-H6)/
(H6-L6+.000001)*V6
+(2*C7-L7-H7)/
(H7-L7+.000001)*V7
+(2*C8-L8-H8)/
(H8-L8+.000001)*V8 +
(2*C9-L9-H9)/
(H9-L9+.000001)*V9 +
(2*C10-L10-H10)/
(H10-L10+.000001)*V10 +
(2*C11-L11-H11)/
(H11-L11+.000001)*V11 +
(2*C12-L12-H12)/
(H12-L12+.000001)*V12 +
(2*C13-L13-H13)/
(H13-L13+.000001)*V13 +
(2*C14-L14-H14)/
(H14-L14+.000001)*V14 +
(2*C15-L15-H15)/
(H15-L15+.000001)*V15 +
(2*C16-L16-H16)/
(H16-L16+.000001)*V16 +
(2*C17-L17-H17)/
(H17-L17+.000001)*V17 +
(2*C18-L18-H18)/
(H18-L18+.000001)*V18 +
(2*C19-L19-H19)/
(H19-L19+.000001)*V19 +
(2*C20-L20-H20)/
(H20-L20+.000001)*V20) /
(AvgV21 * 21+.000001)
Now jump to ticker QCOM to see a negative divergence for the past month+.
Jump to TWX to see a positive divergence for the past month.
I found these using the technique taught in this video:
Using Linear Regression Sorts to Help Spot Divergences
- Craig
Here to Help!
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 Gold Customer
Joined: 10/7/2004
Posts: 98
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Craig,
Can you take this money flow pcf and create the money flow index? In meta and even yahoo's little free charts MFI in normalized so that with the MFI 50 is the grid to be aware of for a cross. The default in meta is a 14 period MFI.
Thanks,
ct2k
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Worden Trainer
Joined: 10/1/2004
Posts: 18,819
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The 10-period version is posted here. Let me know if you have trouble converting it to a 14-period
Money Flow Index
I found this by searching the forums. You too can search these forums for anything. Watch this short video on how to get the most from these forums: Learn how to use the forums: post a new topic, reply, Search existing topics
- Craig
Here to Help!
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Registered User
Joined: 4/15/2005
Posts: 7
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QUOTE (Craig_S) Moneyflow or our MoneyStream? Can you elaborate more so I am sure I understand your question? now that you mention it, maybe both.
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Worden Trainer
Joined: 10/1/2004
Posts: 18,819
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I linked a video for you above in my previous post. Use the technique taught in it to find potential divergences between price and any indicator.
Check it out.
- Craig
Here to Help!
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Gold Customer
Joined: 10/7/2004
Posts: 98
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Thanks Craig,
if you could please post the 14 my math is pretty rusty.
I did some reading after my post and found that John Bollinger uses 9 and 14, John Murphy 14. As you know all this varies depending on the market you are trading. It is interesting to note that Bollinger uses it differently than most, that is when the %BB is > 0.8 and MFI hits 80. For many that would be an area to possibly start looking for an overbought condition.
ct2k
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