I just came across an article : Comparing Seven Money Flow Indicators by Markos Katsanos
Biography
Markos Katsanos is a technical analyst, trading system developer and author.
He is a contributing author for "Technical Analysis of Stocks & Commodities" and a member of the Technical Securities Analysts Association of San Francisco (TSAASF).
He is the inventor of two new technical indicators. In showing the relationship of volume to price movement, his Finite Volume Element (FVE) and Volume Flow (VFI) Indicators have become popular tools used by traders and the code was incorporated in almost all Technical Analysis and trading software.
I well aware that the orderflow everyone really want is the "banks data flow". But majority retail trader can never have access to those anyway.
I could have post the article anywhere but I decide to put in this thread because this thread is not a "system" so this is more like research material but on the "indicator perspective".
For newbie at least they will get to know the tool from an expert test perspective not some "half hearted lazy rule breaking that many people on forexfactory do." When you know the tool better you will loss less...or you don't even use at all lol.
For the pro maybe you can learn something like trying to divergence...with real money flow data...
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Side note: The article mention the test with with historical 10 year data 2000 to 2010 (which mean it include the 2008 housing crash bubble)
Biography
Markos Katsanos is a technical analyst, trading system developer and author.
He is a contributing author for "Technical Analysis of Stocks & Commodities" and a member of the Technical Securities Analysts Association of San Francisco (TSAASF).
He is the inventor of two new technical indicators. In showing the relationship of volume to price movement, his Finite Volume Element (FVE) and Volume Flow (VFI) Indicators have become popular tools used by traders and the code was incorporated in almost all Technical Analysis and trading software.
I well aware that the orderflow everyone really want is the "banks data flow". But majority retail trader can never have access to those anyway.
I could have post the article anywhere but I decide to put in this thread because this thread is not a "system" so this is more like research material but on the "indicator perspective".
For newbie at least they will get to know the tool from an expert test perspective not some "half hearted lazy rule breaking that many people on forexfactory do." When you know the tool better you will loss less...or you don't even use at all lol.
For the pro maybe you can learn something like trying to divergence...with real money flow data...
--
Side note: The article mention the test with with historical 10 year data 2000 to 2010 (which mean it include the 2008 housing crash bubble)
Attached File(s)
Comparing Seven Money Flow Indicator.pdf
2.3 MB
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