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All,
I am a new user of Metastock 6.52 and enjoy working with the software.
I have the following problem:
I cannot find the Metastock formula for the Marc Chaikin’s POMF% -
Persistency of Money Flow Percentage Indicator.
The 1 Day Money Flow Indicator (some also call this indicator the 1 Day
Accumulation/Distribution Indicator) Metastock Formula is the following:
Metastock Formula: (((Close-Low) - (High-Close)) / (High-Low)) * Volume
The definition for the The POMF% - Persistency of Money Flow Percentage
Indicator is the following:
It expresses the percentage of days in the last 6 months (120 days)
where the 1 Day Money Flow Indicator was positive with no regard to
magnitude.
So if the 1 Day Money Flow Indicator was positive for 70 days during the
last 120 days then the result would be:
(75 days divided by 120 days) multiplied by 100 = 62.50 %
Any help is very much appreciated.
Thank you in advance for your time.
Marcel Knechtle
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