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A visual investigation.
When I display the three indicators over a longer period,say 5 years,
it appears to me that while Twiggs MF shows similarities to OBV it
much more closely resembles Chaikin MF.
In fact it looks like a Chaikin MF that has been slightly adjusted.
Regds
Gerard
--- In amibroker@xxxxxxxxxxxxxxx, "Anthony" <axon50@xxxx> wrote:
> 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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