Twiggs Money Flow

Hello,

I was wondering if anybody had the time to possibly code twiggs money flow indicator. It is based of the acumulation indicator and the chaikin money flow indicator.

Metastock formula

{2003-09-24}
periods:=Input("TMF periods",1,100,21);
TRH:=Max(Ref(C,-1),H);
TRL:=Min(Ref(C,-1),L);
TR:=TRH-TRL;
ADV:=((C-TRL)-(TRH-C))/If(TR=0,999999,TR)*V;
WV:=V+(Ref(V,-1)*0);
If(Wilders(WV,periods)=0,0,Wilders(ADV,periods)/Wilders(WV,periods))




Twiggs Money Flow substitutes true range for the daily high and low and then applies exponential smoothing, separately, to the sum of AD and the divisor:

 

1. Calculate True Range High and True Range Low:

True Range High (TRH) is the greater of:

 

1. High [today] and
2. Closing price [yesterday]

True Range Low (TRL) is the lesser of:

 

1. Low [today] and
2. Closing price [yesterday]

1. Calculate AD using True Range High and True Range Low:

AD = {(Close - TRL) - (TRH - Close)} / {TRH - TRL} * Volume

 

1. Apply exponential smoothing* to AD:

1. Calculate AD[21] as the sum of AD for the first 21 days
2. On the next day, multiply AD[21] by 20/21 and add AD for day 22
3. Repeat this process for each subsequent day**.

<center>Do the same with the divisor:</center>

1. Calculate V[21] as the sum of volume for the same 21 day period as in 3. above
2. On the next day, multiply V[21] by 20/21 and add Volume for day 22
3. Repeat this process for each subsequent day**

1. Divide AD[21] by V[21]:

Twiggs Money Flow = AD[21] / V[21]




This information was taken of incrediblecharts.com

Thanks

Paul

I am also intrested in this indicator but can't make it work.No way.I am not so good at programing so it will be nice to have some help from some program experts.Thanks from me to in advance.

See ya guys

hi
i`m also interested in this indicator and will be very grateful if someone can make it or gives a link for it.