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Registered User
Joined: 11/7/2009
Posts: 25
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How do you interpret the money stream data when it is hugely negative (e.g. -1.5M) but above its moving average?
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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MoneyStream is a cumulative indicator and its actual value is completely meaningless. So the fact that it is positive or negative is meaningless as well. The following topic was written for TeleChart, but the general concepts it discusses can be very helpful when interpreting cumulative indicators in general.
Dealing with OBV & MS in PCF's - how to interp their "values"
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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Registered User
Joined: 11/7/2009
Posts: 25
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QUOTE (Bruce_L) MoneyStream is a cumulative indicator and its actual value is completely meaningless. So the fact that it is positive or negative is meaningless as well. The following topic was written for TeleChart, but the general concepts it discusses can be very helpful when interpreting cumulative indicators in general. Dealing with OBV & MS in PCF's - how to interp their "values"
Bruce, is there a glossary somewhere that translates this alphabet soup into English?
Thanks,
ffarron
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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The only alphabet soup I see in Tanstaafl's post is math, the Personal Criteria Formula Language and his abbreviation of Upper Bollinger Band to UBB (only used after the longer version).
I can't help you with the math and the use of UBB has already been explained, but the following topics contain a fairly comprehensive list of the syntax that is valid in TeleChart's Personal Criteria Formula Language and some examples of basic formulas.
PCF Formula Descriptions
Handy PCF example formulas to help you learn the syntax of PCFs!
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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 Platinum Customer
Joined: 10/13/2009
Posts: 4
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How can i get a 'simple' explanation of Money Stream. I have Wordens Video and it goes into deep analiss of divergances etc...but no explainatoin of how this indicator is measuring . In the video it shows a divergance lasting over a year...what good is that? I am concerned right now. I cant get my mind around the value and importance of it
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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The Basic Info on BOP, TSV and MoneyStream topic explores the basics of MoneyStream and has links to more in depth videos at the beginning of the post. If you have already explored those videos, I really can't give you any additional insight or a better explanation.
The actual calculation of Cumulative MoneyStream itself is proprietary and I could not give you any suggestions or ideas as to what the math might be behind it besides it being cumulative and based entirely on Price and Volume.
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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