Normalized Twiggs Money Flow

Normalized Twiggs Money Flow

The Twiggs Money Flow indicator was posted earlier but I thought to add my variation to the library as well, since the normalization process might add value.

The normalization process I use is what John Bollinger describes in his book – take the average of the indicator, create two bands based on the standard deviation and express the indicator as to where it is inside the bands. The question the normalization answers is “where inside the frequency distribution is my indicator value?” You can change the parameters and the overbought/oversold criteria. Above 100 would mean that your Twiggs Money Flow is above 2 standard deviations of the average and below 0 would mean that your Twiggs Money Flow is below 2 standard deviations of the average. The center line is the average. I find that it trades divergence well. Below is my code:

Share this

Risk disclosure:

No information on this site is investment advice or a solicitation to buy or sell any financial instrument. Past performance is not indicative of future results. Trading may expose you to risk of loss greater than your deposits and is only suitable for experienced investors who have sufficient financial means to bear such risk.

ProRealTime ITF files and other attachments : How to import ITF files into ProRealTime platform?

New! PRC is also now on YouTube, subscribe to our channel for exclusive content and tutorials

avatar
Register or

Likes

avatar avatar avatar
Related users ' posts
BZH22 J' ai testé en daily et Hebdo , l' ellipse ne disparaît pas ,en revanche se qui est dommage ...
gabri To form an arrow, say for a high, you need a candle with a lower high the day prior and a lo...
BZH22 Si j' ai bien compris ,tes points d' entrée et tes sorties. quand tu as un point bas avec un...
Nicolas Avec un halftrend par dessus ? :lol:
ludo6977 mais tjrs aussi comique ce nico... tu es bien meilleur sur PRT que sur MT4 visiblement...En...
pieropadova Hello! Mi viene solo una banda grigia su timeframe daily. Mi può spiegare perché? Come si ag...
klaus Hi Nicolas, this indicator is repainting, is it?
HerveS_67 Attention, regardez bien la construction du code !!! Les points bleu s'affichent entre bari...
Nicolas There's no repainting indicator in prorealtime. But this one plots the points afterwards of ...
juanj Definitely, need to code this into an automated strategy.
Marc Boliart dear nicolas, tyvm for your indicators and strategies, i have this following error when i ch...
Nicolas Your picture is too small, but for sure the problem is about the fact you are still using v1...
swapping Oups nicolas ! je pense que tu a oublié de mettre les variables "setting" accessible en exte...
Nicolas Je viens de vérifier, elles y sont pourtant?
swapping Mea culpa, j'ai fait un bête (copier/coller) et forcément cela ne pouvait pas y être puisqu'...
Thomas007 It's a very powerful tool. Thanks for sharing! The Signal crosses the Trader a few times but...
rb-72 Thank you, area of twist by dilatacion of the price, missing part of the code that is not pu...
Thomas007 after reading your blog now I understand why there is only a part of your code here. I'm try...
Marcel If you are interested in my way of trading, please follow me on Twitter @MvvTrading
Genotik Excellent, merci !
swapping Hello Van Salt Thank you for this indicator. Very interest for add into price and follow ex...
DaxRider nice job thanks
Alai-n Je ne peux aller plus loin que le 30.10.2017 sur un graphique en Ticks. Et cela ne fonctionn...
Alai-n Merci pour ce travail...
Bianca Bonjour Nicolas, tu as fait qc avec les estensioni de Fibonacci? daily et weeckly? 2) quest...
Nicolas
2 weeks ago
Genotik Merci !
Rolanbay Lors de la validation du programme, j'obtiens : Erreur de syntaxe Veuillez définir la va...
Nicolas Télécharger le fichier et l'importer ou supprimer les // devant les noms de ces variables
Rolanbay Merci beaucoup, c'est exactement ce qu'il fallait faire.
Toto le Heros Tx Nicolas. Looks very interresting. No text display on my charts. Any specific option to ti...
Nicolas Be sure to have these settings set with these values: //edblHigh1 = 0.04 //edblLow1 = -0....
Toto le Heros Ok, got it ! Great ! Tx
gabri Agree. Many of those indicators are using very similar ideas. ADX is a very powerful and und...
Marcel But still it is a (lagging) derivation of price itself.
gabri All the indicators are lagging because they are all based on historical data.
Trading_En_El_Ibex35 Para calcular el punto pivote y los niveles de soporte y resistencia para operar durante la ...
supertiti Hola mis disculpas, creia que tu eres Jose Antonio Madrigal ! gracias por las explicaci...
Trading_En_El_Ibex35 espero que las explicaciones te hayan sido de ayuda saludos
JohnScher Fine Work. I am currently working on divergences. I wanted to ask if there was already a b...
Nicolas There are many divergences indicators on the website already, please make a quick search wit...
JohnScher indicators i did fond, no problem, but a basic code to trade maybe RSI divergence didn´t fou...

Top