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Marcel,
Persistence or (PMF%) is the percentage of days over 6 months that the
Chaikin Money Flow Oscillator is above 0. The Chaikin Money Flow Osc.
formula default uses a 21 day money flow sum divided by the 21 day sum
of daily volume. HHP sent the correct indicator formula for
persistence, tho you can modify it by selecting 1 for "Pds1" if you
prefer to create a 120 day cumulative money flow indicator to do what
you are suggesting. The cumulative money flow indicator often uses a
90SMA trigger.
Good luck,
Craig
Marcel Knechtle wrote:
>
> HHP
>
> thank you for your quick response.
>
> I also believed like you that The Chaikin's Money Flow Indicator is what I
> look for but realized that the Formula is the following:
> cmf( PERIODS ) meaning:
> 21 Day Sum of the 1 Day Money Flow Indicator divided by the 21 Day Sum of the
> Daily Volume.
>
> If I understand this indicator correctly then this is not what the POMF% -
> Persistency of Money Flow Percentage
> Indicator is supposed to calculate.
>
> Maybe someone has used the %POMF formula and would share it with the message
> board.
>
> Thank you for your time.
>
> Marcel
>
> HHP wrote:
>
> > Marcel,
> >
> > Chaikin's Money Flow is a built-in indicator: cmf(periods).
> >
> > Persistence of Money Flow (PMF%)
> >
> > Pds1:= Input("CMF Periods?",1,100,21);
> > Pds2:= Input("PMF Periods?",10,1000,120);
> > Sum((cmf(Pds1)>0),Pds2)/(Pds2/100)
> >
> > HHP
> >
> > Marcel Knechtle wrote:
> > >
> > > All,
> > >
> > > I am a new user of Metastock 6.52 and enjoy working with the software.
> > >
> > > I have the following problem:
> > > I cannot find the Metastock formula for the Marc Chaikin’s POMF% -
> > > Persistency of Money Flow Percentage Indicator.
> > >
> > > The 1 Day Money Flow Indicator (some also call this indicator the 1 Day
> > > Accumulation/Distribution Indicator) Metastock Formula is the following:
> > >
> > > Metastock Formula: (((Close-Low) - (High-Close)) / (High-Low)) * Volume
> > >
> > > The definition for the The POMF% - Persistency of Money Flow Percentage
> > > Indicator is the following:
> > > It expresses the percentage of days in the last 6 months (120 days)
> > > where the 1 Day Money Flow Indicator was positive with no regard to
> > > magnitude.
> > >
> > > So if the 1 Day Money Flow Indicator was positive for 70 days during the
> > > last 120 days then the result would be:
> > > (75 days divided by 120 days) multiplied by 100 = 62.50 %
> > >
> > > Any help is very much appreciated.
> > >
> > > Thank you in advance for your time.
> > >
> > > Marcel Knechtle
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