Twiggs Money Flow

The Twiggs Money Flow indicator was created by Collin Twiggs.

It is a variation of the Chaikin Money Flow Index that uses ranges and volumes in its formulation.

This code is an adaptation of the tradingview platform code: https: //www.tradingview.com/script/Jccjg8CR-Indicators-Twiggs-Money-Flow-TMF-Wilder-s-MA-WiMA/

In this version, the average is configurable, being possible to choose between simple, exponential, wilder ..

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El indicador Twiggs Money Flow fué creado por Collin Twiggs .

Es una variación del Chaikin Money Flow Index que utiliza rangos y volúmenes en su formulación.

Este código es una adaptación del código de la plataforma tradingview :https://www.tradingview.com/script/Jccjg8CR-Indicators-Twiggs-Money-Flow-TMF-Wilder-s-MA-WiMA/

En esta versión , la media es configurable , siendo posible elegir entre simple,exponencial ,de wilder..

REM TWIGGS MONEY FLOW
// adaptación del código de LazyBear en tradingview para PRT
// parámetro t = tipo de media en cuadro de variables

lenght=21
hline=0

trh=MAX(close[1],high)
trl=MIN(close[1],low)
trc=trh-trl
if trc=0.9999999 then
 trc=trc
endif

adv=VOLUME*((close-trl)-(trh-close))/trc
wv=VOLUME+(VOLUME[1]*0)
wmV=Average[lenght,t](wv)
wmA=Average[lenght,t](adv)

if wmV=0 then
 wmV=0
else
 tmf=wmA/wmV
endif

RETURN tmf as "twiggs money flow",hline as "0",0.20 as "0.20",-0.20 as "-0.20"