Update!!!! Is nobody able to program in Basic? !!!!
Hello,
this is a non MQL-language programming demand. I need help in programming an easy Money Flow indikator according to a template with the values >0 (=positive Money Flow) and <0 (=negative Money Flow) in a Basic like language. The name of this programming tool is ProBuilder and can be found in www.prorealtime.com. The indicator should match with the template (as Chart examples) which will be delivered to you. I have also programmed it by myself but it is not exactly according to the template. I can later provide you the template, but for now here I provide you my own try to programm it in basic language of the "Probuilder", so that you have an idea, what I try to do:
Notice (just as an idea only!!!):
"positive" money flow and "negative" money flow.
If a typical price today is greater than yesterday, it is considered
positive money. If a typical price today is lower than yesterday, it is
considered negative money.
The Typical Price is calculated by the following formula:
Typical Price = ( (Day High + Day Low + Day Close) / 3)
For
a 14-day average, the sum of all positive money for those 14 days is
the positive money flow and the sum of the negative money for those 14
days is the negative money flow.
Positive Money Flow = sum[ (Positive Typical Price) x (Volume) ]
and
Negative Money Flow = sum[ (Negative Typical Price) x (Volume) ]
Here is my programming code in "Basic" language:
Typ=TypicalPrice
Periode=1
if Typ>Typ[1] then
posMF=Typ*Volume
sumPosMF=summation[Periode](
posMF)
else
posMF=0
endif
if Typ<Typ[1] then
negMF=-Typ*Volume
sumNegMF=summation[Periode](negMF)
else
negMF=0
endif
return sumPosMF+sumNegMF
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