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Old 03-28-2007, 07:16 PM
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walterw walterw is offline
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This member is the original thread starter. Twiggs Money Flow

Since I started to study volume more seriously, I came across a great amount of alternatives on how to profit from this type of analisis. One great indicator that I came to is the "Twiggs Money Flow" , developed by Mr Collin Twiggs and shared by him freely... first you must understand the origin on the MFI (Money Flow Index), here is a nice explanation of it Click here to read the entire release
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File Type: png twiggs money flow.png (35.9 KB, 678 views)
Attached Files
File Type: eld TWIGGS MONEY FLOW 2.ELD (4.2 KB, 349 views)

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By cosmic on 03-12-2008, 06:36 AM
Re: Twiggs Money Flow

thanks walterw,
if you like to have more up & dn consistency, you can recenter it around a longer term ma, divergences then also become more dramatic if you plot it as a histogram. can post the eld if interested.
cheers, cosmic
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  #11 (permalink)  
By drsushi on 03-12-2008, 06:43 PM
Re: Twiggs Money Flow

Cosmic,

someone modified the code to smooth it out a bit. Is your code smoothed like that. I'd be interested in your version. Can you elaborate on what you mean by the divergences being more elaborate? Whould this be for daytrading?

David
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  #12 (permalink)  
By cosmic on 03-14-2008, 11:55 AM
Re: Twiggs Money Flow

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Cosmic,

someone modified the code to smooth it out a bit. Is your code smoothed like that. I'd be interested in your version. Can you elaborate on what you mean by the divergences being more elaborate? Whould this be for daytrading?

David
Thanks for the interest David,
i have attached an ELD with the code of my modifications.
Also I changed the smoothing formula to Weighted MAs, like that a bit more.
Since the most valuable part of the TMF are the divergences, I plot the recentered osc as a histogram, this makes it easier to read, a least for me.

Good weekend,
cosmic
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File Type: eld TMF_OSC.ELD (4.5 KB, 103 views)
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  #13 (permalink)  
By drvictorho on 03-19-2008, 03:21 PM
Thumbs up Re: Twiggs Money Flow

COSMIC...all i can say is wow!! this is now my favorite indicator.
i have been watching it on the ER2 89 tick chart and i look for the zero line crossover to look for entries at resistance and support and divergence from MACD/stochastics, and also 50/62 fib retracements for the day.
As the indicator approaches the zero line crossover, i can swing trade it.
Super indicator!! thanks cosmic...
this is my first post on this site. This is saying a lot because i usually do not comment on these forums. This indicator is great!!

dr ho.
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  #14 (permalink)  
By cosmic on 03-20-2008, 07:49 AM
Re: Twiggs Money Flow

Thank you very much for your comments DrHo.
Glad you find it useful for your trading.

I am open to tweak it further if you have any other ideas...

Good trading,
cosmic
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  #15 (permalink)  
By Minetoo on 03-20-2008, 02:11 PM
Re: Twiggs Money Flow

Walter/cosmic: any input as to the efficacy of this indicator when used with time, tick, volume or range bar charts? IOW, does it perform better on one of them compared to the others/
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  #16 (permalink)  
By walterw on 03-25-2008, 11:23 AM
Re: Twiggs Money Flow

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Walter/cosmic: any input as to the efficacy of this indicator when used with time, tick, volume or range bar charts? IOW, does it perform better on one of them compared to the others/
tick and time will make it...
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  #17 (permalink)  
By Minetoo on 03-25-2008, 11:28 AM
Re: Twiggs Money Flow

walter, I have been having really good luck with volume charts and this indicator.
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  #18 (permalink)  
By Richard III on 05-27-2008, 03:14 PM
Re: Twiggs Money Flow

Hi armory,

Use the link in Walter,s review (Incredible Charts: Twiggs Money Flow). At the end of the article the MS indicator is given. I hope it works for you.

Richard III
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  #19 (permalink)  
By Zendo on 07-10-2008, 08:54 PM
Re: Twiggs Money Flow

Hi folks,
has someone this nice Indicator for the NinjaTrader?
Good trades :-)
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