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..
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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" |
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what’s the variable “t”, it’s missing :!
Not in the attached ITF file, “t” is for the moving average type. You can change it from 1 to 6.
any explanation about the different moving average type ? please
https://www.prorealcode.com/documentation/average/
0 = SMA
1 = EMA
2 = WMA
3 = Wilder
4 = Triangular
5 = End point
6 = Time series
thanks alot . it’s all i need 😉
Any ideas why this would return an empty chart? Imported the ITF and it doesn’t seem to want to calculate the average of vw.. VOLUME[1]* 0 = 0 yes?