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the Twiggs MFI is supposed to be a lot better than the ordinary one which comes with MS. does anyone know if there is a formula for it? Colin Twiggs when he describes its uses, is quite frank about how it works & where it differs, but nowhere can I find the finer details.
it would be interesting to try it out on various charts.
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Amory, As far as I know, this is one variant of it? Code:
prd:=Input("Periods",1,255,21);
hi:=Max(Ref(C,-1),H);
lo:=Min(Ref(C,-1),L);
x:=V*(2*C-hi-lo)/Max(hi-lo,0.00001);
num:=Wilders(x,prd);
den:=Max(Wilders(V,prd),0.00001);
tmfi:=num/den;
{plot}
tmfi;
Hope this helps. wabbit [:D] P.S. One exam down, two to go!
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Rank: Advanced Member
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Location: Manchester, NH
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http://trader.online.pl/MSZ/e-w-Twiggs_Money_Flow.html
Twigg's Money Flow
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))
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Rank: Advanced Member
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Joined: 10/28/2004(UTC)
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Rank: Advanced Member
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Wabbit, It was either Bass Ale or Newcastle Brown Ale
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Rank: Advanced Member
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Joined: 4/18/2007(UTC)
Posts: 99
Location: sydney australia
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thank you gentlemen for complete enlightenment. I tried both versions & got identical result on chart. using 14-day period, it seems to me that the Twiggs is actually more sensitive than the standard version, to changing trends.
thanks again ... amory
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Rank: Advanced Member
Groups: Registered, Registered Users, Subscribers, Unverified Users
Joined: 10/28/2004(UTC)
Posts: 3,111
Location: Perth, Western Australia
Was thanked: 16 time(s) in 16 post(s)
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