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Hi Yuki
I do not see what your point is. In OBV an assumption is made that a
close higher than yesterdays close indicates buying pressure. In
Chaikin Money flow an assumption is made that a close above the
midpoint of the high and low range for the day indicates buying
pressure. Twiggs Money Flow takes into account gaps whereas Chaikin
does not.
It is personal preference which you use.
Cheers
Anthony
--- In amibroker@xxxxxxxxxxxxxxx, "Anthony Faragasso" <ajf1111@xxxx>
wrote:
> Yuki,
>
> Good call....attached is an image of the Twiggs formula and OBV()
plotted in
> the same window...the red is the Twiggs formula and white is the OBV
()...
>
> Anthony
>
> -------Original Message-------
>
> From: amibroker@xxxxxxxxxxxxxxx
> Date: Thursday, March 06, 2003 18:30:35
> To: Jayson
> Subject: Re: [amibroker] Re: Twiggs Money Flow formula
>
> All,
>
> As most of us know, there is little in TA that is not a derivative
of
> something else in TA, often just a rehash or slight modification.
So
> it seems to me that this Twiggs indicator is just OBV in drag.
^^_^^
>
> Best,
>
> Yuki
>
> mailto:yukitaga@x...
>
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