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Strategies & Market Trends : TA-Quotes Plus

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To: Ken Adams who wrote (5242)7/7/1998 12:46:00 PM
From: Bob Jagow  Read Replies (1) of 11149
 
Gimme an 'h' ;)
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The Money Flow Indicator is an accumulation/distribution indicator derived from this formula:
( ( ( Close - Low ) - ( High - Close ) ) / ( High - Low ) ) * Volume
This formula is applied to each day's activity and a running total is kept of the result. Below is a sample of the line that is displayed for the indicator. A 90-period simple moving average of the money flow line is displayed with the indicator.
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