Money Flow oscillator

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Money Flow oscillator

Postby Alexander.Gettinger » Tue Sep 22, 2015 11:38 am

This indicator has been described in the Stock&Commodities (October 2015).

Formula:
MFO = Sum(MFV)/Sum(Volume) with [Period] number of periods, where
MFV = Multiplier*Volume,
Multiplier[i] = [(High[i]-Low[i-1])-(High[i-1]-Low[i])]/[(High[i]-Low[i-1])+(High[i-1]-Low[i])].

MFO.PNG


Download:
MFO.lua
(1.84 KiB) Downloaded 211 times
Alexander.Gettinger
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Re: Money Flow oscillator

Postby Apprentice » Fri Oct 12, 2018 5:09 am

The indicator was revised and updated.
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Apprentice
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