Money Flow Tracker Indicator for ThinkorSwim TOS Script
$21.00
Money Flow Tracker Indicator for ThinkorSwim TOS Script
Product Delivery: You will receive a download link via your order email
Should you have any question, do not hesitate to contact us: [email protected]
Money Flow Tracker Indicator for ThinkorSwim TOS Script
PRODUCT DESCRIPTION
The Money Flow Tracker measures trends of money flows based upon volume. It is helpful in both short and long term market analysis.
The Oscillator is calculated using three values: the High-Low price range, volume, and Accumulation/Distribution.Accumulation takes place if typical price of the current bar is higher than that of the previous, and Distribution is observed when the current typical price is lower than that of the previous bar. If the typical prices are equal,the existing trend is maintained.
The oscillator is calculated as the difference between two EMAs of volume force: 34 period EMA and 55 period EMA. Volume force is defined as volume multiplied by coefficient depending on Accumulation/Distribution data and preceding trend. The primary plot is accompanied with trigger line which is EMA of Oscillator (period is equal to 13by default).
In price uptrend, it is considered a Buy signal when the Oscillator has extremely low negative value, turns up and crosses the trigger line. Conversely, in downtrend, the Sell signal is suggested when the Oscillator rises to extremely high level, turns down, and crosses the trigger line. An 89 period EMA is recommended for defining trend direction.
Input Parameters
ma length The number of bars to calculate the EMA for trigger line.
Plots
KVOsc The Oscillator plot.
TriggerLine The triggerline.
ZeroLine The zero level.
Works with ALL Futures, Forex Currency Pairs, and Stocks
Works with the Think Or Swim trading platform
Download link will be emailed upon purchase of the software.
Using this indicator you will never be on the wrong side of a trade again.
Delivery Method
– After your purchase, you’ll see a View your orders link which goes to the Downloads page. Here, you can download all the files associated with your order.
– Downloads are available once your payment is confirmed, we’ll also send you a download notification email separate from any transaction notification emails you receive from IMCourse.net.
– Since it is a digital copy, our suggestion is to download and save it to your hard drive. In case the link is broken for any reason, please contact us and we will resend the new download link.
– If you cannot find the download link, please don’t worry about that. We will update and notify you as soon as possible at 8:00 AM – 8:00 PM (UTC+8).
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