OPEN-SOURCE SCRIPT
Updated $ Flow Indicator
This is a custom U/D money flow indicator that works well with a shorter timeframe from 1 min to 2 hr.
Compress the indicator by using the volume numbers to the right. Compress until you see the tip of the red/green bars. If you see more green than red that means money is flowing in. More red points to distribution.
Author: Al M.
Compress the indicator by using the volume numbers to the right. Compress until you see the tip of the red/green bars. If you see more green than red that means money is flowing in. More red points to distribution.
Author: Al M.
Release Notes
"This is a custom U/D money flow indicator that works well from 1 min to 2 hr. Compress the indicator by using the volume numbers to the right until you see the tip of the red/green bars. If you see more green than red that means money is flowing in. More red points to distribution."
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.