Money Flow Script

[Louis]

Hi,

I am trying to script an indicator that does the following:

• When the security price closes higher, calculate price * volume and add that to the previous value.
• When the security price closes lower, calculate price * volume and subtract that from the previous value.

Not sure what to do to make this work. Here is my attempt:

//Define the variables V1 == 0 ; V2 = VOLUME() ; V3 = CLOSE() ; //Calculate Money Flow V4 = IF(CLOSE() IsUp, V1 + (V2 * V3)) ; V5 = IF(CLOSE() IsDown, V1 - (V2 * V3)) ; ACC(V4 and V5, RANGE=All Time)

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//Define the variables V1 == 0 ; V2 = VOLUME() ; V3 = CLOSE() ; //Calculate Money Flow V4 = IF(CLOSE() IsUp, V1 + (V2 * V3)) ; V5 = IF(CLOSE() IsDown, V1 - (V2 * V3)) ; ACC(V4 and V5, RANGE=All Time)

Thank you for helping.

[Darren]

Hi Louis,

We have a tool called Turnover with a function TO() which is basically the daily value of trading (close x volume). We can take the TO() value and multiply it by -1 when the IF() condition is false. This will calculate the all-time money flow:

//Get Turnover value based on the close position; V1 = IF(CLOSE() IsUp, TO(),TO()*-1); //Sum the values; ACC(V1, RANGE=All Time)

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//Get Turnover value based on the close position; V1 = IF(CLOSE() IsUp, TO(),TO()*-1); //Sum the values; ACC(V1, RANGE=All Time)

[Louis]

Thanks Darren. Appreciate your help.

1 user thanked author for this post.

Darren

[Author]

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