Green line shows buy /accumulation and red line shows sell /distribution. This can help with assessing buy/sell pressure (read "why invent a new indicator" for more info about why this is more accurate than CMF, , OBV and for this purpose).
trend shows high and low periods in blue and yellow respectively. This could help with avoiding over-trading during low market activity periods.
Supply/demand absorption is shown at the top (below trend). It shows that market is resisting the trend which could most often lead to sideways or minor/major trend change. Darker colors show stronger resistance. This feature is configured with two parameters that might require tuning depending on the asset and time frame.
The equation to calculate (A/D) is elegant and intuitive. It calculates candle body to candle height ratio and multiplies it by volume: volume*(close-open)/( high-low ). This is the building block of my three other indicators ADMF, ADP and ADL (UMF includes all these three indicators). The bars has two shades of green and red. The dark shade shows amount of A/D and the light shade shows total (what you see on a regular indicator).
When money is enabled, is multiplied by price. As you can see in the chart below, trade in terms of USD was growing over the past years while it has not made a new ATH in terms of the instrument ( BTC ).
- Uncheck "Money Volume" for Bitmex or any other exchange that shows in terms of money.
- length N = length 2*N-1
- Combined tickers, e.g. (COINBASE:BTCUSD+BITSTAMP:BTCUSD+KRAKEN:XBTUSD)/3, can mitigate inconsistency issues between different exchanges (I recommend not mixing USD and USDT pairs together)
Here is a TL;DR list of my indicators to save you some time from looking at my obsolete indicators.