The AIQ code I am providing here is based on Vitali Apirine’s article in October issue of Stocks & Commodities, “The Money Flow Oscillator.” This code displays an indicator based on Apirine’s money flow oscillator (MFO), an example of which is shown in Figure 7.
FIGURE 7: AIQ. Here is an example of the MFO(20) indicator on a chart of SFUN.
The code and EDS file can be downloaded from www.TradersEdgeSystems.com/traderstips.htm and is also shown here:
!THE MONEY FLOW OSCILLATOR !Author: Vitali Aprine, TASC October 2015 !Coded by: Richard Denning, 8/11/15 !www.TradersEdgeSystems.com !INPUTS: MFOlen is 20. H is [high]. H1 is valresult(H,1). L is [low]. L1 is valresult([low],1). V is [volume]. !INDICATOR CODE: MFmult is ((H-L1)-(H1-L))/((H-L1)+(H1-L)). MFvol is MFmult*V. MFO is sum(MFvol,MFOlen)/sum(V,MFOlen)*100. !PLOT
