Date/Time: Tue, 23 Oct 2018 21:47:01 +0000
Post From: Offering To The Community: Money Flow Index With Filters
|bjohnson777 (Brett Johnson) - Posts: 239|
Last one for this week... Is this enough to get me developer's status?
I've been programming some indicators from my base tool kit and am offering them to the community. I request they be added into the main SC distro once checked over.
From the "Display Study Documentation" button:
Money Flow Index With Filters. This version includes a number of extras to help clean up the graph and make it easier to integrate with automation. The "Set Price Smoothing?" option enables cleaning up the price before calculations. If price is really noisy, recommended settings are EMA 3-10. Otherwise leave price smoothing off. The "Set MFI Smoothing?" option enables cleaning up some of the MFI noise after the calculation. It is recommended to smooth MFI out with an EMA 3-7.
This version has a Volume Filter option to handle cases when a volume spike smashes the indicator making it hard to read. Large institutions sometimes do this to hide their activity afterward. The "Straight" option passes volume data through without any filtering. The "Log" option runs each volume bar through the log function making a type of "log scale". The "Square Root" option runs each volume bar through the square root function making a type of "square root scale". The "MA Clip" option will clip volume above a chosen moving average. To learn the movement characteristics of each, it is recommended to put them all on one chart for equal comparison.
To use traditional MFI, turn off all smoothing and filtering options.
Minor update 2016-10-15. No major function changes.
Regular compiles moved to "Brett Johnson's Standard Tool Kit" DLL.
Date Time Of Last Edit: 2016-10-15 06:51:03
MoneyFlowIndexWithFilters.cpp - Attached On 2016-10-15 06:50:44 UTC - Size: 9.57 KB - 33 views
MoneyFlowIndexWithFilters.dll - Attached On 2016-10-15 06:50:54 UTC - Size: 83 KB - 27 views