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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: UnBelievable who wrote (52655)	5/31/2000 12:47:00 PM
From: flatsville	Read Replies (1) \| Respond to of 99985

Un--Thanks for the explanation.

To: UnBelievable who wrote (52655)	6/1/2000 12:36:00 AM
From: Dennis O'Bell	Read Replies (1) \| Respond to of 99985

Thanks for the pointer - I hadn't thought of looking there. I did do some searching and it turns out that a number of free quote/charting services (such as Bigcharts) provide a "money flow index". But according to this definition wsdinc.com this figure of merit may be only coarsely approximated; I don't know if any quote services take the trouble to compute more accurate values than just averaging the high/low/closing equity price and scaling by average volume - though it wouldn't be hard to do better. Maybe in practice it doesn't matter, though large block trades at one extreme price would certainly skew things.