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To: Hawkmoon who wrote (998)10/4/1999 1:05:00 PM
From: John Busby  Respond to of 1109
 
Ron,

A couple notes:

1) We do have Williams %R in the list of available indicators in SI charts. It is in the drop-down menus under "Indicator 1" , "Indicator 2" , and so on.

2) Read BigCharts description of Money Flow: "It does this by assuming that when a stock closes higher than its open, all volume associated with that trading period results from buyers. It further assumes that when a stock closes lower than its open, all volume associated with that trading period results from sellers. Although these assumptions are overly simplistic, money flow can be a useful indicator when analyzing the general buying and selling pressure on a stock."

BigCharts calculates money flow the same way as On Balance Volume, except that it compares the price to the open, rather than the previous close.

If SI was to consider adding Money Flow, we would measure buying and selling pressure based on individual trades made throughout the day.

Here is the definition of Money Flow for IQ Chart: siliconinvestor.com

Thanks!
John