|
PureBytes Links
Trading Reference Links
|
Marcel,
Chaikin's Money Flow is a built-in indicator: cmf(periods).
Persistence of Money Flow (PMF%)
Pds1:= Input("CMF Periods?",1,100,21);
Pds2:= Input("PMF Periods?",10,1000,120);
Sum((cmf(Pds1)>0),Pds2)/(Pds2/100)
HHP
Marcel Knechtle wrote:
>
> 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
|