OPEN-SOURCE SCRIPT
Money Flow Oscillator 2
A volume indicator that measures buying and selling pressure over a given lookback period.
As described at traders.com/Documentation/FEEDbk_docs/2015/10/TradersTips.html
See also:
- Are price updates a good proxy for actual traded volume in FX? <fxstreet.com/education/are-price-updates-a-good-proxy-for-actual-traded-201104220000>
- Using Tick Volume in Forex: A Clear NVO Based Example <mechanicalforex.com/2010/08/using-tick-volume-in-forex-clear.html>
As described at traders.com/Documentation/FEEDbk_docs/2015/10/TradersTips.html
See also:
- Are price updates a good proxy for actual traded volume in FX? <fxstreet.com/education/are-price-updates-a-good-proxy-for-actual-traded-201104220000>
- Using Tick Volume in Forex: A Clear NVO Based Example <mechanicalforex.com/2010/08/using-tick-volume-in-forex-clear.html>
Open-source script
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.
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