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Markos Katsanos' article "Using Money Flow to Stay with the Trend" did not
have a MetaStock Trader's Tip as the article contained all the formulas. These
formulas are reprinted below for the convenience of our customers.
To enter this indicator into MetaStock:
<li>In the Tools menu, select Indicator Builder.
<li>Click New to open the Indicator Editor for a new indicator.
<li>Type the name of the formula.
<li>Click in the larger window and type in the formula.
Name: VFI Formula:
PERIOD:=Input("PERIOD
FOR VFI",5,1300,130); COEF:=.2; VCOEF:=Input("MAX VOLUME
CUTOFF",0,50,2.5); INTER:=Log(Typical())-Log(Ref(Typical(),-1)); VINTER:=Stdev(INTER,30); CUTOFF:=COEF*VINTER*C; VAVE:=Ref(Mov(V,PERIOD,S),-1); VMAX:=VAVE*VCOEF; VC:=If(V<vmax,V,VMAX); MF:=Typical()-Ref(Typical(),-1); VFI:=Sum(If(MF>CUTOFF,+VC,If(MF<-CUTOFF,-VC,0)),PERIOD)/VAVE; Mov(VFI,3,E);
Name: VFI (Simplified) Formula:
Cum(If(Typ()>Ref(Typ(),-1),+V,If(Typ()<ref(Typ(),-1),-V,0)))
Name: Volume (Down, Red) Formula:
COEF:=.2; VCOEF:=Input("MAX
VOLUME
CUTOFF",0,50,2.5); INTER:=Log(Typical())-Log(Ref(Typical(),-1)); VINTER:=Stdev(INTER,30); CUTOFF:=COEF*VINTER*C; VAVE:=Ref(Mov(V,50,S),-1); VMAX:=VAVE*VCOEF; VC:=If(V<vmax,V,VMAX); MF:=Typical()-Ref(Typical(),-1); VCM:=If(MF<-CUTOFF,VC,0); VCM
Name: Volume (Neutral, Blue) Formula:
COEF:=.2; VCOEF:=Input("MAX
VOLUME
CUTOFF",0,50,2.5); INTER:=Log(Typical())-Log(Ref(Typical(),-1)); VINTER:=Stdev(INTER,30); CUTOFF:=COEF*VINTER*C; VAVE:=Ref(Mov(V,50,S),-1); VMAX:=VAVE*VCOEF; VC:=If(V<vmax,V,VMAX); MF:=Typical()-Ref(Typical(),-1); VCN:=If(MF<CUTOFF
AND MF>-CUTOFF,VC,0); VCN
Name: Volume (Up, Green) Formula:
COEF:=.2; VCOEF:=Input("MAX
VOLUME
CUTOFF",0,50,2.5); INTER:=Log(Typical())-Log(Ref(Typical(),-1)); VINTER:=Stdev(INTER,30); CUTOFF:=COEF*VINTER*C; VAVE:=Ref(Mov(V,50,S),-1); VMAX:=VAVE*VCOEF; VC:=If(V<vmax,V,VMAX); MF:=Typical()-Ref(Typical(),-1); VCP:=If(MF>CUTOFF,VC,0); VCP
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