Money flow index with up/down tick volume

[neustaju 10]

Can you do a video about using up tick and down tick volume combined with money flow in order to identify possible weakness or strength in price?

[Soultrader 12]

You as in me????

 

Sorry I dont really use money flow.

[Guest cooter]

Can you do a video about using up tick and down tick volume combined with money flow in order to identify possible weakness or strength in price?

 

How about posting a pic or two illustrating your setup for all to critique?

[bakrob99 11]

On Choppy days - there's nothing better than the Moneyflow on a 2Minute YM chart

 

Have a look at today (May 17)

 

For shorts - I combine Money Red entries with Tick Extremes usually above 1200 for a short. Wait for a retrace to the level that the Money last fired at - then press the ATM button !!!

 

 

For LONG entries off MoneyFlow I am going to get another trigger signal... Crossover of price above the EMA34 is a good one.

[walterw 10]

On Choppy days - there's nothing better than the Moneyflow on a 2Minute YM chart

 

Have a look at today (May 17)

 

For shorts - I combine Money Red entries with Tick Extremes usually above 1200 for a short. Wait for a retrace to the level that the Money last fired at - then press the ATM button !!!

 

 

For LONG entries off MoneyFlow I am going to get another trigger signal... Crossover of price above the EMA34 is a good one.

 

BackRob : I like your aproach... I challenge you to start a new thread on it an share with more details what you are doing... you will grow yourself in what you are doing and thru collaboration others will grow together with you... very nice stuff... hope you keep posting cheers Walter.

[bakrob99 11]

Thanks for the encouragement WalterW...

 

I'd be happy to create a new post and show some of my setups... and track their success.

 

Moneyflow is a valuable indicator in my trading - Even if I don't take its signal as a trigger for an entry - it prevents me from jumping in at the wrong moment... and wait for a better price.

 

I am new here and just learning how this site works ... so bear with me a bit.

 

Robert

[Guest cooter]

Thanks for the encouragement WalterW...

 

I'd be happy to create a new post and show some of my setups... and track their success.

 

Moneyflow is a valuable indicator in my trading - Even if I don't take its signal as a trigger for an entry - it prevents me from jumping in at the wrong moment... and wait for a better price.

 

I am new here and just learning how this site works ... so bear with me a bit.

 

Robert

 

Are you using the standard Money Flow, or your own custom RB version? Same with the ADX. Is that RB ADX band available to test - no need to spoonfeed here, just point me in the right direction ....thxs

[neustaju 10]

SoulTrader, Okay so perhaps not a video. But I have a feeling there is a way to identify institutional distribution or accumulation through viewing money flow combined with uptick/downtick volume.

[bakrob99 11]

Are you using the standard Money Flow, or your own custom RB version? Same with the ADX. Is that RB ADX band available to test - no need to spoonfeed here, just point me in the right direction ....thxs

 

I have modified the standard TS Easylanguage - mostly to generate alerts differently - I apply my own voice for custom Sound Alerts and changed the logic to :

 

ADX

if ADXValue CROSSES OVER 20 then

Alert( "ADX greater than 20" )

else if ADXValue CROSSES UNDER 20 then

Alert( "ADX less than 20" ) ;

 

MONEYFLOW

 

{ Alert criteria }

if MoneyFlowVal > OverBought then

Alert( "MoneyFlow RED !!!" )

else if MoneyFlowVal < OverSold then

Alert( "MoneyFlowW BLUE !!!" ) ;

 

 

The logic is standard but the settings I adjust ... Moneyflow 25 and 80

 

See chart attached

 

Robert

[walterw 10]

Nice Robert ¡¡ without any compromise, would you share your money flow eld here at TL ? would really apreciate that.... cheers Walter.

[Guest cooter]

I have modified the standard TS Easylanguage - mostly to generate alerts differently - I apply my own voice for custom Sound Alerts and changed the logic to :

ADX
   if ADXValue CROSSES OVER 20 then
   Alert( "ADX greater than 20" ) 
else if ADXValue CROSSES UNDER 20 then
   Alert( "ADX less than 20" ) ;    

MONEYFLOW

{ Alert criteria }
if MoneyFlowVal > OverBought then 
   Alert( "MoneyFlow RED !!!" )
else if MoneyFlowVal < OverSold then 
   Alert( "MoneyFlowW BLUE !!!" ) ;

 

The logic is standard but the settings I adjust ... Moneyflow 25 and 80

 

See chart attached

 

Robert

 

Got it now, thxs!

[bakrob99 11]

one more trade later in the day ...

[bakrob99 11]

Monday May 21 - 2 Trades before lunch

[bakrob99 11]

Tuesday May 22 ... morning and afternoon - good heads up using MoneyFlow and Extreme Ticks - the choppier the day the better. Be patient on your entries ... you usually have 6 - 10 minutes to decide.

[walterw 10]

Nice charts Backrob... What would be the diference between the standard money flow and the RB moneyflow ? thanks Walter.

[Guest cooter]

Nice charts Backrob... What would be the diference between the standard money flow and the RB moneyflow ? thanks Walter.

 

Unless I misread his reply above, I think that's been asked and answered already, no?

 

http://www.traderslaboratory.com/forums/f34/money-flow-index-up-down-tick-1786.html#post11205

[walterw 10]

would someone share this eld... ?

[bakrob99 11]

It's the standard TS Indicator with the Alert Criteria changed:

 

Here is the text:

 

{RB MONEYFLOW}

inputs:

Length( 14),

AlertLength( 14),

OverSold( 22),

OverBought( 78),

OverSColor( Cyan),

OverBColor( Red) ;

 

variables:

MoneyFlowVal( 0 ) ;

 

MoneyFlowVal = MoneyFlow( Length ) ;

 

Plot1( MoneyFlowVal, "MoneyFlow" ) ;

Plot2( OverBought, "OverBot" ) ;

Plot3( OverSold, "OverSld" ) ;

Plot4((Overbought+Oversold)/2,"Median");

 

{ Color criteria }

if MoneyFlowVal > OverBought then

SetPlotColor( 1, OverBColor )

else if MoneyFlowVal < OverSold then

SetPlotColor( 1, OverSColor ) ;

 

{ Alert criteria }

if MoneyFlowVal > OverBought then

Alert( "MoneyFlow RED !!!" )

else if MoneyFlowVal < OverSold then

Alert( "MoneyFlowW BLUE !!!" ) ;

[walterw 10]

thanks Bakrob for that.... cheers Walter.