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danarm

DAX Money Flow

danarm  
Money Flow Index (MFI)
39
1
moneyflow
Money Flow (MFL of MFI) indicator for the DAX index, which works on the hourly timeframe.

In order for this indicator to work for you, you must have access to the Xetra (XETR:DAX) tickers, where the underlying stocks of DAX are trading.

For some reason Xetra does NOT provide hourly volume so you can't see the money flow using the built-in TradingView indicator. But now, with this indicator, you can! :)
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.

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.

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