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Below is the afl code for overlaying a money flow indicator onto the
price chart. Normally - the money flow and the prices move in
unison. Once in a while - there is a divergence and the money flow
goes in one direction and the price in another. Looks very dramatic
on the chart.
Qts - how can I write a line of code that allows me to scan for
stocks where the money flow indicator (FVE in the code) cuts the
price line on the price chart?
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Col = IIf(Close>Ref(Close,-1), colorGreen,colorRed);
Plot(Close,"Price", Col, styleBar);
Col=IIf(Close>Ref(Close,-1),colorGreen,colorRed);
Plot(Close,"PRICE",COL,styleBar);
_SECTION_BEGIN("Volume");
Plot( Volume, _DEFAULT_NAME(), ParamColor("Color", colorBlueGrey ),
ParamStyle( "Style", styleHistogram | styleOwnScale | styleThick,
maskHistogram ), 2 );
_SECTION_END();
Col=IIf(Close>Ref(Close,-1),colorGreen,colorRed);
Plot(Close,"PRICE",COL,styleBar);
_SECTION_BEGIN("Price");
SetChartOptions(0,chartShowArrows|chartShowDates);
_N(Title = StrFormat("{{NAME}} - {{INTERVAL}} {{DATE}} Open %g, Hi %
g, Lo %g, Close %g (%.1f%%) Vol " +WriteVal( V, 1.0 ) +" {{VALUES}}",
O, H, L, C, SelectedValue( ROC( C, 1 )) ));
Plot( C, "Close", ParamColor("Color", colorBlack ), styleNoTitle |
ParamStyle("Style") | GetPriceStyle() );
_SECTION_END();
_SECTION_BEGIN("FVE");
Period = 22;
// users of v4.25 or higher can use Param to adjust period in real
time
// Period = Param("FVE period", 22, 10, 80, 1 );
MF = C - (H+L)/2 + Avg - Ref( Avg, -1 );
Vc = IIf( MF > 0.003 * C, V,
IIf( MF < -0.003 * C, -V, 0 ) );
FVE = Sum( Vc, Period )/MA( V, Period )/Period * 100;
Plot( FVE, "FVE", colorRed, styleOwnScale );
_SECTION_END();
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