kocurekc

TA-Money Flow-Version5

This is the MACD of a stochastic OBV movement indicator, Squeeze Momentum Indicator , and addition coloring for Market Direction Indicator . It is good (right) to work with both price and volume .

In this version we've moved the divergence highlighting to symbols at the ends of the histograms. Same coloring scheme as previous, yellow is divergence of either OBV or SQZ , red is both divergence. In the previous version we added in the "squeeze on - blue" highlighting to show follow through of divergence (or just squeeze/stall). We also added in another old script, but colors so well, Lazybears (Market Direction Indicator, linked below). Also incorporated a 3 color or 5 color scheme from the MDI script as a bool. It works great on any time frame, but you need to have volume data. Not sure where I originally got this (stoch-OBV, somewhere off Tradingview several years ago, thanks to the person who shared), Squeeze/ MDI is Lazybear, links below.

Enjoy.



Version 5:
Moved divergence highlighting to symbols on histogram
Added coloring based on MDI

TA-Money-Flow-Version4
TA-Money-Flow-Version3
TA-Money-Flow-Version2

Squeeze-Momentum-Indicator-LazyBear
Market-Direction-Indicator-LazyBear
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 a publication is governed by House Rules. You can favorite it to use it on a chart.

Want to use this script on a chart?

Comments

yo dude been trying to load ur v4 version of ta-mf-v4 but it wont allow fav script or to save ..... any ideas bro really like the look of the script...cheers bro
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kocurekc cryptomavic1
@cryptomavic1, Here is the link to the script


I just loaded into a fresh chart, and it does pull up...maybe try and comment out lines until you hit the source of the error
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@kocurekc, i will try thanks for reply dude. ill let u know ....cool
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