Money flow index with up/down tick volume

[neustaju]

Can you do a video about using up tick and down tick volume combined with money flow in order to identify possible weakness or strength in price?

[Soultrader]

You as in me????

Sorry I dont really use money flow.

[cooter]

	Quote:	neustaju
	Can you do a video about using up tick and down tick volume combined with money flow in order to identify possible weakness or strength in price?

How about posting a pic or two illustrating your setup for all to critique?

[bakrob99]

On Choppy days - there's nothing better than the Moneyflow on a 2Minute YM chart

Have a look at today (May 17)

For shorts - I combine Money Red entries with Tick Extremes usually above 1200 for a short. Wait for a retrace to the level that the Money last fired at - then press the ATM button !!!


For LONG entries off MoneyFlow I am going to get another trigger signal... Crossover of price above the EMA34 is a good one.

[walterw]

	Quote:	bakrob99
	On Choppy days - there's nothing better than the Moneyflow on a 2Minute YM chart Have a look at today (May 17) For shorts - I combine Money Red entries with Tick Extremes usually above 1200 for a short. Wait for a retrace to the level that the Money last fired at - then press the ATM button !!! For LONG entries off MoneyFlow I am going to get another trigger signal... Crossover of price above the EMA34 is a good one.

BackRob : I like your aproach... I challenge you to start a new thread on it an share with more details what you are doing... you will grow yourself in what you are doing and thru collaboration others will grow together with you... very nice stuff... hope you keep posting cheers Walter.

[bakrob99]

Thanks for the encouragement WalterW...

I'd be happy to create a new post and show some of my setups... and track their success.

Moneyflow is a valuable indicator in my trading - Even if I don't take its signal as a trigger for an entry - it prevents me from jumping in at the wrong moment... and wait for a better price.

I am new here and just learning how this site works ... so bear with me a bit.

Robert

[cooter]

	Quote:	bakrob99
	Thanks for the encouragement WalterW... I'd be happy to create a new post and show some of my setups... and track their success. Moneyflow is a valuable indicator in my trading - Even if I don't take its signal as a trigger for an entry - it prevents me from jumping in at the wrong moment... and wait for a better price. I am new here and just learning how this site works ... so bear with me a bit. Robert

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

[neustaju]

SoulTrader, Okay so perhaps not a video. But I have a feeling there is a way to identify institutional distribution or accumulation through viewing money flow combined with uptick/downtick volume.

[bakrob99]

	Quote:	cooter
	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

[walterw]

Nice Robert ¡¡ without any compromise, would you share your money flow eld here at TL ? would really apreciate that.... cheers Walter.