[amibroker] Re: Money Flow Index

[tayamaan]

Hi,I didn't think plotting it like you do! I use it as an oscillator.
It is just the Money Flow Index, only difference is I've included the
days where avg price is equal to yesterday and shifted the center line
to zero. I found it's behavior a little better on some occasions.

Cheers,

Adrian

periods = Param("Periods", 14, 1, 100, 1 ) ; 

PosFlow = ( Sum( IIf( Avg >= Ref(Avg,-1), V, 0) * Avg, periods )) ;
NegFlow = ( Sum( IIf( Avg <= Ref(Avg,-1), V, 0) * Avg, periods )) ;

MoneyFlowIndex = 100 - (100 /(1 + ( PosFlow / NegFlow )))- 50;

Plot( MoneyFlowIndex,"Money Flow
Index",colorBlack,styleLine|styleNoLabel);

Colour= IIf( MoneyFlowIndex > 0, colorBrightGreen, colorRed);
Plot( MoneyFlowIndex,"",Colour,styleHistogram);

Plot(0,"",colorLightGrey,styleNoLabel);
Plot(20,"",colorLightGrey,styleNoLabel);
Plot(-20,"",colorLightGrey,styleNoLabel);