Traders Laboratory - View Single Post - Money flow index with up/down tick volume
View Single Post
  #9 (permalink)  
Old 05-18-2007, 02:26 PM
bakrob99 bakrob99 is offline
bakrob99 has no status.

Trader Specs
 
Join Date: May 2007
Location: Toronto
Posts: 33
Thanks: 0
Thanked 0 Times in 0 Posts
Re: Money flow index with up/down tick volume

Quote:
View Post
Are you using the standard Money Flow, or your own custom RB version? Same with the ADX. Is that RB ADX band available to test - no need to spoonfeed here, just point me in the right direction ....thxs
I have modified the standard TS Easylanguage - mostly to generate alerts differently - I apply my own voice for custom Sound Alerts and changed the logic to :

ADX
if ADXValue CROSSES OVER 20 then
Alert( "ADX greater than 20" )
else if ADXValue CROSSES UNDER 20 then
Alert( "ADX less than 20" ) ;

MONEYFLOW

{ Alert criteria }
if MoneyFlowVal > OverBought then
Alert( "MoneyFlow RED !!!" )
else if MoneyFlowVal < OverSold then
Alert( "MoneyFlowW BLUE !!!" ) ;


The logic is standard but the settings I adjust ... Moneyflow 25 and 80

See chart attached

Robert
Attached Images
File Type: jpg OEX May 18 07 MoneyFlow Trades.jpg (99.7 KB, 55 views)

Reply With Quote