MetaStock™ Zone Forum & FAQ Artykuły Linki Elliott Waves EasyLanguage™ Zone

 A B C D E F G H I J K L M N O P R S T U V W Y Z #

Persistence of Money Flow
The POMF%-Persistency of Money Flow Percentage Indicator

. To: "metastock@xxxxxxxxxxxxx" <metastock@xxxxxxxxxxxxx>
. Subject: The POMF%-Persistency of Money Flow Percentage Indicator
. From: Marcel Knechtle <marcelknechtle@xxxxxxxxxxx>
. Date: Sun, 10 Oct 1999 21:23:32 +0200
. Sender: owner-metastock@xxxxxxxxxxxxx

All,

I am a new user of Metastock 6.52 and enjoy working with the software.

I have the following problem:
I cannot find the Metastock formula for the Marc Chaikin s POMF% -Persistency of Money Flow Percentage Indicator.

The 1 Day Money Flow Indicator (some also call this indicator the 1 Day Accumulation/Distribution Indicator) Metastock Formula is the following:

Metastock Formula: (((Close-Low) - (High-Close)) / (High-Low)) * Volume

The definition for the The POMF% - Persistency of Money Flow Percentage Indicator is the following:

It expresses the percentage of days in the last 6 months (120 days) where the 1 Day Money Flow Indicator was positive with no regard to magnitude.

So if the 1 Day Money Flow Indicator was positive for 70 days during thelast 120 days then the result would be:

(75 days divided by 120 days) multiplied by 100 = 62.50 %

Any help is very much appreciated.

Marcel Knechtle

[15600]

Re: The POMF%-Persistency of Money Flow Percentage Indicator

. To: metastock@xxxxxxxxxxxxx
. Subject: Re: The POMF%-Persistency of Money Flow Percentage Indicator
. From: HHP <hhp@xxxxxxxx>
. Date: Sun, 10 Oct 1999 15:27:53 -0700
. References: <3800E7B4.EDEA3D85@xxxxxxxxxxx>
. Sender: owner-metastock@xxxxxxxxxxxxx

Marcel,

Chaikin's Money Flow is a built-in indicator: cmf(periods).

Persistence of Money Flow (PMF %)

Pds1:= Input("CMF Periods?",1,100,21);
Pds2:= Input("PMF Periods?",10,1000,120);
Sum((cmf(Pds1)>0),Pds2)/(Pds2/100)

from HHP

Persistence or (PMF%) is the percentage of days over 6 months that theChaikin Money Flow Oscillator is above 0.The Chaikin Money Flow Oscillator formula default uses a 21 day moneyflow sum divided by the 21 day sumof daily volume.HHP sent the correct indicator formula for persistence, tho you can modify it by selecting 1 for "Pds1" if you preferto create a 120 day cumulative money flow indicator to do what youare suggesting.The cumulative money flow indicator often uses a 90SMA trigger.

from Craig DeHaan

Source / From: TOP
http://purebytes.com/archives/metastock/

Equis and MetaStock® and MetaStock Professional® are registered trademarks of Equis International. Achelis Binary Wave®, The DownLoader®,
Expert Advisor®, OptionScope®, Quotecenter® and Smart Charts® are trademarks of Equis International, a Thomson Reuters company.