Quan Money Flow

This indicator used to check the power in price and volume while the money going in and out of the market. It takes combination of price power, its direction and volume into consideration.

*** Can be used on long term chart (monthly or weekly) or even short-term one like daily, hourly chart.

*** Indicator colors:
- Red: trend down
- Green: trend up

*** Guide to use this indicator:
- Buy when it is under 0 and starts going up.
- Be hesitate to buy when the indicator is over 0, as your risk is big and the reward is low.
- Always put a stop when you go in the market, as NO indicator can guarantee you 100% correct all the time.

Release Notes

Updated to USD/JPY to have longer view in term of time.

Release Notes

Updated UI.
Updated buy and sell signal logic.

Release Notes

Add option to use a test price instead of current close price.

Release Notes

Update view.

Release Notes

Update short name.

Release Notes

Update price text.

Release Notes

Update chart.

Release Notes

Add resolution to reduce the noise of each bar (you still can use the original timeframe if you want too).

Can use in any timeframe (5m, 15m, 1H, 1D, 1W, ...) to see the trend.

Note: this script has a small side affect of repainting as it uses resolution. Thus, you might want to wait a little bit before entering a trade.

Release Notes

Add option to reduce the repainting issue.

Release Notes

Enhance auto resolution.
Auto choose source now.

Protected script

This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.

niceboomer

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.

Protected script

This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.

niceboomer