Money Flow Formula
The money flow formula compares upward changes and downward changes of volume-weighted typical prices. It can be used to identify market tops and bottoms.
Formula Details
Syntax
Chart.DataManipulator.FinancialFormula(
FinancialFormula.MoneyFlow,
"Period",
"High,Low,Close,Volume",
"MF")
Parameters
This formula takes one required parameter.
- Period
Period for calculating the money flow index.
Input Values
This formula takes four input Y values.
High
Daily high price.Low
Daily low price.Close
Daily close price.Volume
Daily volume.
Output Value
This formula outputs one Y value.
- MF
Money flow index.
Remarks
The Line chart type is a convenient chart type to display the formula output.
Example
The following example takes input from Series1's Y value for the high, low, and close prices, respectively, (Series1:Y,Series1:Y2,Series1:Y4), and Series2's Y value for volume (Series2:Y), and outputs the money flow index on Series3 (Series3:Y). It uses a period of 20 days.
Chart1.DataManipulator.FinancialFormula (FinancialFormula.MoneyFlow, "20", "Series1:Y,Series1:Y2,Series1:Y4,Series2:Y", "Series3:Y")
Chart1.DataManipulator.FinancialFormula (FinancialFormula.MoneyFlow, "20", "Series1:Y,Series1:Y2,Series1:Y4,Series2:Y", "Series3:Y");
See Also
Reference
System.Windows.Forms.DataVisualization.Charting
System.Web.UI.DataVisualization.Charting