Archive for the ‘Twigg's Money Flow’ Category

Reliance Breakout Above Rs1090

January 5, 2010

21 day Twiggs money flow chart of Reliance Chart shows that it has broken
the twiggs money flow negative divergence and also trading above zero, which
indicates buying pressure above Rs1090 (Overhead trend line resistance)

21 day Twiggs Money AFL Code for Amibroker

October 21, 2009

_SECTION_BEGIN("Twiggs Money Flow");
/*
Twiggs Money Flow is a derivation of Chaikin Money Flow indicator, which is in
turn derived from the Accumulation Distribution line.
However, Twiggs Money Flow makes two basic improvements to the Chaikin Money
Flow formula:
1-To solve the problem with gaps, Twiggs Money Flow uses true range, rather
than daily Highs minus Lows. 
2-And, rather than a simple-moving-average-type formula, Twiggs Money Flow
applies exponential smoothing, using the method employed by Welles Wilder for
many of his indicators.
 */

periods = Param( "Periods", 21, 5, 200, 1 );
TRH=Max(Ref(C,-1),H);
TRL=Min(Ref(C,-1),L);
TR=TRH-TRL;
ADV=V*((C-TRL)-(TRH-C))/ IIf(TR==0,9999999,TR);
WV=V+(Ref(V,-1)*0);
SmV= Wilders(WV,periods);
SmA= Wilders(ADV,periods);

TMF= IIf(SmV==0,0,SmA/SmV);
Plot( TMF, _DEFAULT_NAME(), ParamColor("color", colorCycle ),
ParamStyle("Style") );
_SECTION_END();

Catch the trend using 21 day Twiggs Money Flow

October 20, 2009

If you wanna catch a perfect shorter term up trend then check for 21 day Twiggs Money Flow Divergence breakout. Sample Chart shows the Twiggs Money flow Divergence  breakout and giving us two perfect entry points to trade as market with the blue arrows. One can take such a trade once the stock shows minor sign of reversal i.e resuming from its lower lows by making a first reversal bar. Stop loss can be placed just below the recent lower lows.
 

Classic Diamonds : Investors Buy

October 18, 2009

Stock : Classic Diamonds
CMP :  Rs 23.15
Target : Rs 30 & Rs35
Time Frame : 2-3 Months
Profit Potential : 20% and 40%(Approx)
 
Classic Dimond chart shows a shorter term breakout .
 
Few Supporting Factors are:
1)Stock recently(few days back) crossed above 200 day Moving Average
2)21-Day Twiggs Money Flow Divergence breakout as shown in the charts
3)GANN Resistance near 35 and 63 levels(Its crazy for now to project near 60 levels).
so initially limiting the  target and set my goal towards Rs30 and Rs35.
4)Strong Bounce back in twiggs money flow above zero level suggests Buying interest in this stock
5)Keep Stop Loss between Rs21-Rs22
 
 

Example for Twiggs Money Flow Breakout

October 8, 2009

Here is an example for 21 day twiggs money flow breakout. 21 day Twiggs money flow principle is applied to chennai petro and check it out how it performs after breaking twiggs money flow divergence over the time
 
Related Readings
 
Reliance and Chennai Petro in Breakout – 26 July 2009

Twiggs Money Flow Breakout in Bajaj Finsrv

October 8, 2009

Bajaj Finsrv today shows a nice move along with a  21 day Twiggs money flow breakout. One can keep go long this stocks
with 300 as stop loss.

Breakout in ABB

October 8, 2009

Breakout in ABB with Confirmation for GANN FAN Resistance Breakout and Twiggs Money Flow Divergence
Breakout. Next GANN Resistance comes near 1200. Support zone comes near 710-730

GANN and Twiggs Update for Sensex

September 19, 2009

One more chart I was supposed to post. But accidently my System got crashed. It is a chart for Nifty where the GANN resistance for nifty comes near 4990 zone similar to sensex chart as shown in my last post GANN Charts for Sensex Overview Any how as per Sensex GANN Support comes near 16400… And the Support is now expected to decrease slowly with respect to time. Market is expected to be range bound between 16400-16800 overall as still the Twiggs Money Flow Negative Divergence prevails. Not yet a clear breakout from this medium term divergence as shown above.



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