MoneyFlow

MoneyFlow ( IDataHolder high , IDataHolder close , IDataHolder low , IDataHolder volume , int length );

Default values:

Description

Returns the money flow value.

Input parameters

Example

script moneyflowTS {
    input high = high;
    input close = close;
    input low = low;
    input volume = volume;
    input length = 14;
    def price = high + close + low;
    def moneyFlow = price * volume;
    def positiveMoneyFlow = Sum(if price >price[1] then MoneyFlow else 0, length);
    def totalMoneyFlow = Sum(MoneyFlow, length);
    plot moneyflowTS = if totalMoneyFlow != 0 then 100 * positiveMoneyFlow / totalMoneyFlow else 0;
}

declare lower;
input length = 14;
plot moneyflow1 = MoneyFlow(high, close, low, volume, length);
plot moneyflow2 = MoneyFlowTS(high, close, low, volume, length);

In this example the money flow is calculated and plotted based on two different implementations that have equal results. The first implementation is based on the moneflowTS function, the second one is based on the built-in MoneyFlow function.