Money Flow Index is a multiple timeframes indicator that displays the Money Flow Index of any timeframe.
It helps you to focus on long term money flow before using the money flow of current timeframe.
You can add as many Money Flow Index - Multiple timeframes as desired. Refer to the screenshots to see the M30 / H1 / H4 Money Flow Indexes in the same window for example.
Twiggs Money Flow Index was created by Collin Twiggs. It is derived from Chaikin Money Flow Index but uses true ranges instead of highs minus lows to prevent spikes due to gaps. It is also using a smoothing exponential moving average to prevent spikes in volumes to alter results. The exponential moving average is the one described by Welles Wilder for many of his indicators.
When Twiggs Money Flow Index is above 0, players are accumulating and thus prices are subject to move higher. When...
Volume-Weighted Moving Average (VW-MA) is a Moving Average weighted by volume.
Standard moving averages use prices and simply ignore traded volumes. Volume-Weighted Moving Average indicator responds to this.
Note that unlike stock market, Foreign Exchange market is not centralized. Orders and volumes are not shared among brokers. As a consequence, volumes used in Volume-Weighted Moving Average are depending on your broker. However, ECN accounts are the solution.
ECN (stands for...
Volume Weighted MACD
Volume Weighted MACD (VW-MACD) was created by Buff Dormeier and described in his book Investing With Volume Analysis. It represents the convergence and divergence of volume-weighted price trends.
The inclusion of volume allows the VW-MACD to be generally more responsive and reliable than the traditional MACD.
What is MACD (Moving Average Convergence Divergence)?
Moving Average Convergence Divergence was created by Gerald Appel in 1979. Standard MACD plots...