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Money Flow oscillator
Source: https://fxcodebase.com/code/viewtopic.php?f=48&t=64727
Forum: 48 · Topic 64727 · 1 post(s)
Money Flow oscillator
Alexander.Gettinger · Fri Jun 02, 2017 2:12 pm
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])].
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