OmniTrader Professional Forum - OmniLanguage Discussion Money Flow Index with trend change colours

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Manfred Posts: 210 Joined: 4/2/2006 Location: South Africa User Profile	Subject : Money Flow Index with trend change colours Posted : 1/12/2019 8:45 AM Post #30244 Was working with highlighting Money Flow Index levels today and had a go using Colorcharts but that looked like an xmas tree to my eyes, so ended up coding an indicator instead. You can do it more simply than I've done using the built-in OT MFI() indicator and some If Then statements for the colour changes if you wish. Attached file : MoneyFlowIndex2.txt (3KB - 261 downloads) Attached file : ChartTemplate-MFI.otd (168KB - 245 downloads) Attached file : MFIcoloured_Omnitrader.png (311KB - 262 downloads)
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Jim Dean Posts: 3433 Joined: 3/13/2006 Location: L'ville, GA User Profile	Subject : RE: Money Flow Index with trend change colours Posted : 1/12/2019 9:15 AM Post #30245 - In reply to #30244 This is a better approach than CC's ... CC's, albeit easy to use, are responsible for many of the "headaches" that occasionally appear to "lock up" custom OT indicators. Reasons are messy to explain, but point is that using OLang to do the job is always a better course.
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wolf Posts: 135 Joined: 4/21/2011 Location: Germany User Profile	Subject : RE: Money Flow Index with trend change colours Posted : 1/13/2019 12:40 AM Post #30248 - In reply to #30245 Hello together, I found an OL coding by T. Heglet for an MoneyFlow Oscillator based on an article of TASC 2015 OCT. Please see from the attachemt an updated of Manfreds MFI Chart template in cluding this MFI Oscillator Wolfgang Attached file : indMoneyFlowIndicator.PNG (137KB - 265 downloads) Attached file : indMoneyFlowIndicator.txt (1KB - 259 downloads) Attached file : TASC 2015 OCT Money Flow Oscillator.docx (1569KB - 254 downloads)

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