Money flow index with up/down tick volume

[cooter]

	Quote:	bakrob99
	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

Got it now, thxs!

[bakrob99]

one more trade later in the day ...

[bakrob99]

Monday May 21 - 2 Trades before lunch

[bakrob99]

Tuesday May 22 ... morning and afternoon - good heads up using MoneyFlow and Extreme Ticks - the choppier the day the better. Be patient on your entries ... you usually have 6 - 10 minutes to decide.

[walterw]

Nice charts Backrob... What would be the diference between the standard money flow and the RB moneyflow ? thanks Walter.

[cooter]

	Quote:	walterw
	Nice charts Backrob... What would be the diference between the standard money flow and the RB moneyflow ? thanks Walter.

Unless I misread his reply above, I think that's been asked and answered already, no?

http://www.traderslaboratory.com/for...html#post11205

[walterw]

would someone share this eld... ?

[bakrob99]

It's the standard TS Indicator with the Alert Criteria changed:

Here is the text:

{RB MONEYFLOW}
inputs:
Length( 14),
AlertLength( 14),
OverSold( 22),
OverBought( 78),
OverSColor( Cyan),
OverBColor( Red) ;

variables:
MoneyFlowVal( 0 ) ;

MoneyFlowVal = MoneyFlow( Length ) ;

Plot1( MoneyFlowVal, "MoneyFlow" ) ;
Plot2( OverBought, "OverBot" ) ;
Plot3( OverSold, "OverSld" ) ;
Plot4((Overbought+Oversol d)/2,"Median");

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

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

[walterw]

thanks Bakrob for that.... cheers Walter.