Archive for the ‘Twigg's Money Flow’ Category
_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
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 );
Plot( TMF, _DEFAULT_NAME(), ParamColor("color", colorCycle ),
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.