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"

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"

Risk disclosure:

No information on this site is investment advice or a solicitation to buy or sell any financial instrument. Past performance is not indicative of future results. Trading may expose you to risk of loss greater than your deposits and is only suitable for experienced investors who have sufficient financial means to bear such risk.

ProRealTime ITF files and other attachments :

Filename : download the ITF files

How to import ITF files into ProRealTime platform?

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century • 01/03/2017 #
what’s the variable “t”, it’s missing :!
- Nicolas • 01/03/2017 #
  Not in the attached ITF file, “t” is for the moving average type. You can change it from 1 to 6.

century • 01/03/2017 #
any explanation about the different moving average type ? please
- Nicolas • 01/03/2017 #
  https://www.prorealcode.com/documentation/average/
  0 = SMA
  1 = EMA
  2 = WMA
  3 = Wilder
  4 = Triangular
  5 = End point
  6 = Time series

century • 01/03/2017 #
thanks alot . it’s all i need 😉

dcos • 01/03/2017 #
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?

ipbvba idem ne fonctionne pas sur V11 (meme avec real time data), import OK mais aucune courbe dans...

Ciccarelli Franco I'm new to the Market, I imported the code, but I don't see anything, there is an empty box ...

tradermikey Is the available for v12?

Nicolas remplacer les valeurs de coloured(0,255,0) par coloured(r,g,b) et ajouter ces noms de variab...

mohamed merci Nicolas!

sacram14 Merci Nicolas pour ce set-up que je ne connaissais pas ! J'ai tenté de reprendre le code pou...

Nicolas Pour créer des alertes, vous pouvez suivre ce petit tutoriel : https://www.prorealtime.com/f...

thibault76 Bonjour Nicolas, cette stratégie est intéressante. Par contre, en 2022, le code ne fonction...

Nicolas Aucun message d'erreur pour ma part en version 11.1. Tu es certain de créer un code d'indica...

1Randy I would be interested an invite to your blog. I am still learning about the VSA and it looks...

repropel Buenos días TACBOLSA. Yo también estoy interesado en visitar tu blog. Podrías enviarme una i...

mobychix Hi, I just joined Pro Realtime and am very interested in VSA. I have read some books and did...

Stockastiss Can this code be simply transferred into Backtestingcode so one doesnt need to use call ? (i...

Vonasi Sorry for the late reply. Add the code to your strategy and remove line 5 and line 39. Chang...

viktorthunss Hi! How many averages are there? Can I see the somewhere?

carpentier Joffrey Bonjour à tous, Avant tout merci pour ce travail, cependant je suis bloqué quand je l'insta...

carpentier Joffrey Re, C'est ok, j'ai trouvé mon erreur... Cependant sur quel base peut on calculer son CALC...

Aragorna Hi Nicolas, How is it possible to use it in a higher timeframe plotted on a lower timeframe?...

Zigo Normaly it do work in version 11.

bertrandpinoy Hello to all, please does a coder can bring the indication of the price level on the chart o...

Zigo @bertrandpinoy add between line 50 and 51 : drawtext("#dnh#",barindex,low-2.618*AverageTrue...

leofi https://www.prorealcode.com/topic/simple-average-with-visual-color/

leofi Go visit www.prorealcode.com/topic/simple-average-with-visual-color/ and watch 2em post

Dritan Hi,I am new on Prorealtime and coding.I downloaded the indi but I have it on a separate wind...

stephane2.0 c=exponentialaverage[9](MACDLine[12,26,9](close))

Forexcheckup Hi I down loaded the ITF file, it paints red for a down trend but for all up trends the can...

stephane2.0 line 22: r = 195 by r = 0 line 23: g = 195 by g = 0 line 24: b = 195 by b = 255 ;)

Suzu Yuk Regarding line68, //-- with indicator "properties", add coloured fill between euroOFF and...

manual_ice As far as I know, it is not possible to include "fill" inside an indicator. But, since ve...

fireleg79 Bonsoir Nicolas. Merci pour tout ton travail. Quand tu auras le temps pourras-tu jeter un oe...

Sejibi Bonsoir, En remplaçant percentJ = 3 * percentD - 2 * percentK par percentJ = 3 * perc...

JMARTY Bonjour, A la recherche d'un indicateur détectant les divergences sur DMI, je tombe sur ce...

Alps007 Hi Nicolas. Happy New Year. Can you please program me several MACD divergence screeners ...

Arlei Zanin Hello Nicolas, would it be possible to convert the Cloud to Pascal language? Thank you.

ashee i want it in MT4

robertogozzi Like my screener https://www.prorealcode.com/prorealtime-market-screeners/abcd-pattern-scree...

aldtrading Thanks for your work. I'm using V11 and nothing is drawn on the chart, I believe this is ...

robertogozzi It works on v10.3, v11 and v12. You are likely to have added it BELOW your chart (like RSI),...

Denis Hello Nicolas, Thank you and congratulations for your work. The entry signals seem interes...

mia Bonjour j'arrive pas a integrer l'indicateur sur mt4 comment faire svp mercii

Nicolas Il ne s'agit pas d'un indicateur MT4, je vous suggère d'utiliser ProRealTime qui est une mei...

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