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
jebus89 Maybe a stupid question but im getting syntax error, the following variable is undefined: Pe...
Abz Hello, could you explain a little bit more about this , what numbers are you refering to ...
gabri ABZ, the 9 and 5 I was referring to are JUST EXAMPLES. You need to use this indicator when ...
Abz Thanks gabri
xel Hi! I found myself that the indicator posted here contain an error, I want to edit or fix i...
Mr_Balagan Bonjour, j'ai quelques questions concernant cette combinaison d'indicateurs qui à l'air inté...
larouedegann STE : Fonction statistique "erreur standard" de séries temporelles de N périodes pour le pri...
Mr_Balagan Merci pour ces informations précieuses larouedegann. J'y vois plus clair. Encore joli boulot
alex Im looking for a entry when EpicMA crosses over/under trigger. Then look for exits when Epic...
Toto le Heros Hi Nicolas, Thanks for this. Looks interresting. Unfortunately the display on my price gra...
Nicolas Use vertical axis alignment only in indicators setting
DonMasser Nicolas ( or anyone) would you know how to program a 'WAIT'. In other words, in auto tradin...
Thomas007 Is there any way to build something similar for FX? I wonder what would be the replacement f...
victormork It didn't work using the add PRT code button. I'll try again without it. //SHORT // Sel...
victormork sorry the code keep on changing when I press post comment. Basically you have to complete th...
Stefan Arens Hi Vicormork, i´am sorry - but it still doesn´t work. I can´t correct the error. Prorealtim...
Francesco
2 months ago
oraclus Merci il lui ressemble bcp
juanj Think this is something we can experiment with in the 'universal' strategy along with the Bo...
atxeel Real Awesome, thank you man!
rispardin no entiendo como funciana este indicador, por favor alguien podria explicar como utilizarlo???
AVT No se trata de un solo indicador, pero cada linea muestra otra información, de abajo hacia ...
dzim0032 J'avais oublié de mettre un commentaire pour la vente du scalper dont les règles sont justes...
Nicolas
2 months ago
GraHal Ha I just looked back and I only did two posts in the Thread above; I've been dreaming about...
Toto le Heros Thanks Nicolas. This looks very interresting, despite I am not sure I fully understand it y...
Nicolas The KaseCD should also be coded, it is discussed in the Bard's topic here: https://www.prore...

Top