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HHP
thank you for your quick response.
I also believed like you that The Chaikin's Money Flow Indicator is what I
look for but realized that the Formula is the following:
cmf( PERIODS ) meaning:
21 Day Sum of the 1 Day Money Flow Indicator divided by the 21 Day Sum of the
Daily Volume.
If I understand this indicator correctly then this is not what the POMF% -
Persistency of Money Flow Percentage
Indicator is supposed to calculate.
Maybe someone has used the %POMF formula and would share it with the message
board.
Thank you for your time.
Marcel
HHP wrote:
> 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
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