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I agree 100% that volume is critical to incorporate into your trade
decisions. I prefer Twiggs Money Flow. I like to look for divergence
between price and volume to find good entry points. Below is the
Money Flow indicator I use (taken from the AMI library). Good luck.
Tom
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pds=Param("TMF periods",12,1,100,1);
tmf_level = Param("TMF Level",0.10,0.00,0.50,0.01);
TRH=Max(Ref(C,-1),H);
TRL=Min(Ref(C,-1),L);
tr=ATR(1);
ADV=((C-TRL)-(TRH-C))/(IIf(TR==0,999999,TR))*V;
sadv=Wilders(Adv,pds);
svol=Wilders(V,pds);
TMF=sadv/svol;
_N( mstr = "("+WriteVal(pds,1.0) + ")" );
Plot( tmf," Money Flow(" + pds + "," + tmf_level + ")", ParamColor
( "Color", colorWhite ), ParamStyle("Style") );
t = tmf;
PlotOHLC( t,t,tmf_level,t, "", IIf( Ref(t,1) < -tmf_level OR t < -
tmf_level, colorRed, colorBrightGreen ), styleCloud | styleNoLabel |
styleClipMinMax, -tmf_level, tmf_level );
PlotGrid(0,colorWhite);
PlotGrid(-tmf_level,colorRed);
PlotGrid(tmf_level,colorBrightGreen);
--- In amibroker@xxxxxxxxxxxxxxx, "traderix2003" <d.adam@xxx> wrote:
>
> the more I trade , the more I find volume the most important help
in my
> trading.
>
> Is OBV the best indicator?
> What about Twiggs Money Flow??
>
> Some input from traders using volume in their trading?
>
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