sherwind

Money Flow Oscillator 2

A volume indicator that measures buying and selling pressure over a given lookback period.
As described at traders.com/Document.../10/TradersTips.html

See also:
- Are price updates a good proxy for actual traded volume in FX? <https://www.fxstreet.com/education/are-price-updates-a-good-proxy-for-actual-traded-201104220000>
- Using Tick Volume in Forex: A Clear NVO Based Example <http://mechanicalforex.com/2010/08/using-tick-volume-in-forex-clear.html>
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.

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