"Dynamic Money Flow is a volume indicator based on Marc Chaikin's Money Flow with a few improvements. It can be used to confirm break-outs and trends." (RezzaHmt)
This is the script from RezzaHmt called "Dynamic Money Flow".
All I did is the color change of the line because I find it easier to read that way.
Here you can find the original script explaining the theory behind this indicator:
Thanks for sharing the mod on the original indi. I find it easier to read as well
grunzethedeadsoul
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i was trying to replicate this code in python but got stuck with tr value. I didn't understand the value of tr
rydo111
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@grunzethedeadsoul, tr is the formula function for True Range. In the TradingView windows app, you can mouse over the formula and it will give you the calculation method as a tooltip. Its telling me: tr = max(high-low, abs(high-close[1], abs(low-close[1]))).