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
supertiti Hola Ale Can we have this same code from Nicolas's code in smoothed heikin Ashi? Sorry...
ALE Ok, We can discuss in the topic "3D Candlesticks TOPIC" Write me more details
Nicolas Je ne comprends pas de quelles zones on parle ? Le graphique représenté ici est simplement u...
Eloi Ok je comprend mieux. Merci Nicolas
macbartin Bonjour, si je souhaite utiliser l'indicateur "Market profile" : "Bull & Bear Volume-by-...
TAC Bolsa Sorry, it's a file error. I have already uploaded a new File. https://www.tiburonesdea...
Real Pro Thank you; the new version looks better. I wonder if you'd mind explaining what it means wh...
TAC Bolsa Here you have the documentation of the indicator https://en.wikipedia.org/wiki/Market_fac...
Canale di Fill By Filippo si si... farò un video a breve
AngelPujalt ok. Gracias.
Stenozar Hi Filippo, any news about your video to explain how to use this indicator? thanks
Jan Wind Thanks for the indicator. I will try if this indicator in combination with my favorite (sta...
TAC Bolsa
3 weeks ago
Enzo Paliotti Complimenti, un ottimo lavoro!!!
TAC Bolsa Thank yo
isurutharaka hallo how to dwonload it
T-rader I only get yellow candles. Can I change it?
ALE Please write any questions in this Topic "Heikin-Ashi candle smoothed TOPIC"
ALE T-rader Have you already find a solution?
stefou102 Thx Nicolas! trying to test this indicator in an automated strategy but I'm becoming crazy b...
stefou102 mystoploss=call "Adaptative ATR-ADX"(MedianPrice) GRAPH mystoploss as "Adapt"
Nicolas In this case, I suggest to add the indicator's code directly into your strategy.
Nicolas Thanks for the studies. What about the switch of the trend triggered by the slow and fast pe...
juanj Hi Nicolas, yes I did also change that. Found an EMA of 5 in conjunction with an EMA of 9 to...
Bard Hi Nicolas and Juanj I hope this is alright but I've moved the discussion here: https://ww...
tradingpro salve io faccio spread trading e volevo sapere come impostare un profitto da chiudere in a...
Nicolas Per favore non fare domande generali, non correlate al post. Usa invece il forum.
Nicolas But it should, I'll test later.
Jan Wind Nicolas, maybe the cause is that the values of / or the smooth line is not visible (??)
Gianluca Hello Nicolas, my prt become stuck when i load the indicator, is there any problem with it?
Carlos Garcia Y yo. Cómo lo programaríais?
bolsatrilera con un pequeño añadido. He puesto los circulos en color negro.
bolsatrilera EM MONEY FLOW INDEX + ALERTS //@version=3 // on platform Tradingview by DreamsDefined //a...
Nicolas Hi, please send it to contact[at]prorealcode.com . Many thanks.
JohnScher @nicolas done, in this moment
JohnScher After a small error crept in, a correct itf.file has been uploaded.
juanj DevLongC and DevShortC keeps track of the number of bars that the DevStops are either long o...
juanj C = Count
Bard Thanks for the explanation. I couldn't get it to load anyway.
Vonasi Discussion on this indicator/filter can be found here: https://www.prorealcode.com/topic/121...
Vonasi Forum discussion on these indicators can be found here: https://www.prorealcode.com/topic/av...
jennr29 Hi. Is it possible to convert this code to an mq4 file?
Nicolas Sorry but our website is dedicated to prorealtime programming. However, you can ask for priv...
TAC Bolsa You confuse the reading of the volume. In order for a UPTHRUST to be fulfilled, it is fol...
TAC Bolsa If you look for an indicator that is sailing, use the indicator https://www.prorealcode.com...
Bon Zo Hey, thanks i made a little research with the links you provide on your website and i read W...
Wilko Snyggt!
Swingforfortune Bara en enkel copy/paste från boken i PRT format...

Top