I'm trying to make this efs and would appreciate some help from more experienced efs programmers.
It's a simple concept:
volume traded at ask is added to running volume and volume traded at bid is subtracted from that running total.
Here is an explanation of the indicator:
Here is the pseudo code:
var moneyflow
task = getmostrecentask
tbid = getmostrecentbid
tlast = getmostrecenttradeprice
tvol = getmostrecenttradevolume
if tlast == task
moneyflow + tvol
if last == tbid
moneyflow - tvol
else moneyflow
moneyflow should be a running total
and be displayed above price on the chart.
Thank you.
It's a simple concept:
volume traded at ask is added to running volume and volume traded at bid is subtracted from that running total.
Here is an explanation of the indicator:
Here is the pseudo code:
var moneyflow
task = getmostrecentask
tbid = getmostrecentbid
tlast = getmostrecenttradeprice
tvol = getmostrecenttradevolume
if tlast == task
moneyflow + tvol
if last == tbid
moneyflow - tvol
else moneyflow
moneyflow should be a running total
and be displayed above price on the chart.
Thank you.