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 Money Flow Index (MFI) - StockCharts.com , Mr Twiggs did a very nice upgrade to the indicator wich he explains here Incredible Charts: Twiggs Money Flow the indicator was translated to TS code by Galaad at TS forum, and I did some visual touches to make it more easy to read and changed the default setting from 21 to 5 (an input I find more adapted and usefull for daytrading) , I will open a diferent thread on the usage, I find this one a true gem if its properly used... it can make so clean and easy volume readings... enjoy cheers Walter.

[Papa Lazarou]

I've got the following in 'pseudo' code. There's an error in it and I don't know what. I'm not sure whether I can create new Variables like 'TRH' on the fly in CQG (or if ':=' is even what that means!!) Also, I'm just using CQG's exponential moving average which i suppose is going to be different to the Wilder one Colin Twiggs has designed his indicator using. There must be better CQG coders out there. Please help!!!



TRH:= Maximum( High(@), Close(@)[-1])
TRL:= Minimum( Low(@), Close(@)[-1])

TAD:= ((Close(@)-TRL)-(TRH- Close(@)))/((TRH-TRL)/ Vol(@))

adEMA:= MA(TAD,Exp,period)
vEMA:= MA(Vol(@),Exp,period)

TMF:= adEMA/vEMA

[Papa Lazarou]

Is there anyone that can help on this at all? I'm pretty much stuck!!

I would appreciate any input you can give.

Thanks