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Twiggs Money Flow Index

Twiggs Money Flow Index

35 USD

Demo downloaded: 96

Published: 22 November 2012

Current version: 2.0

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Twiggs Money Flow Index

Indicators
eSoftrade
Version: 2.0
Updated: 7 November 2021
Activations: 5

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 Twiggs Money Flow Index is below 0, players are distributing and prices are more subject to move lower.

Divergences of Twiggs Money Flow Index indicator with prices give also good signals.

more...

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Version 2.0 2021.11.07

L'indicateur est maintenant compatible avec le mode 64 bits.