Money Flow
Definition
The Money Flow indicator calculates an indexed value based on price and volume for the number of bars specified in the input Length.
Positive Money Flow is calculated and summed for each of the last Length number of bars with an average price greater than the previous bar and then divided by the Money Flow for all the bars specified in Length.
Using both price and volume in the calculation allows to see a different perspective as compared to using price or volume only.
Default Inputs
Length - number of bars included into calculation
AlertLength - number of bars included into alert calculation
OverSold - Money Flow value to be considered oversold
OverBought - Money Flow value to be considered overbought
OverSColor - oversold values plot color
OverBColor - overbought values plot color
Plots
The plots will be desplayed in a separate subschart.
MoneyFlow - plots the Money Flow line
OverBot - plots the overbought reference line
OverSld - plots the oversold reference line