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Old 11-05-2007, 07:57 AM
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Re: TickMoneyFlow

Here please.It's recomended to use it on 1Tick-chart.

inputs:
Length( 14 ),
AlertLength( 14 ),
OverSold( 20 ),
OverBought( 80 ),
OverSColor( Cyan ),
OverBColor( Red ) ;

variables:
MoneyFlowVal( 0 ) ;

MoneyFlowVal = MoneyFlow( Length ) ;

Plot1( MoneyFlowVal, "MoneyFlow" ) ;
Plot2( OverBought, "OverBot" ) ;
Plot3( OverSold, "OverSld" ) ;

{ Color criteria }
if MoneyFlowVal > OverBought then
SetPlotColor( 1, OverBColor )
else if MoneyFlowVal < OverSold then
SetPlotColor( 1, OverSColor ) ;

{ Alert criteria }
if LowestBar( C, AlertLength ) = 0 and LowestBar( MoneyFlowVal, AlertLength ) > 0 then
Alert( "Bullish divergence - new low not confirmed" )
else if HighestBar( C, AlertLength ) = 0 and HighestBar( MoneyFlowVal, AlertLength ) > 0 then
Alert( "Bearish divergence - new high not confirmed" ) ;
Attached Images
File Type: png MoneyFlow.PNG (59.7 KB, 62 views)

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