MoneyFlow_1

Description

This formula calculates Money Flow.

Formula

MoneyFlow_1(instrument, Length)=begin

  pmf = 0

  nmf = 0

  avp = 0

  volVal = 0

  MoneyRatio = 0

  MoneyFlow = 0

  for i = 0 to (Length - 1) begin

    avp = AvgPrice(instrument, i)

    pavp = AvgPrice(instrument, (i + 1))

    volVal = avp + GetVolume(instrument, i)

    if avp > pavp then pmf = pmf + volVal + avp else nmf = nmf + volVal

  end

  if nmf != 0 then MoneyRatio = pmf / nmf else MoneyRatio = 0

  if (1 + MoneyRatio) != 0 then MoneyFlow = 100 - (100 / (1 + MoneyRatio)) else MoneyFlow = 0

  MoneyFlow

end

Parameters

instrument

An instrument.

Length

This formula calculates an average. The Length parameter defines the number of points to include in the average.

Return Value

Money Flow

Examples

MoneyFlow(SERIES, Length=14, OverSold=20, OverBought=80)=begin

  retval = MoneyFlow_1($1, Length)

end

Comments

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