John Herrick's Money Flow Index ...

["Dejan Corovic" <Dejan.Corovic@xxxxxxxxxxxxxx>]

Hi,

I am looking for the algorithm for John Herrick's Money Flow Index (MF).

It was published in March and April 1998, magazine 'Technical Analysis of
Stocks and Commodities' in the
Article by Thomas Aspray.

It is based on: mean price, volume and open interest and it goes like this:

MF = C * V * (M-My) * (1 +/- 2 * Abs(OI-Oiy)/I)

C - dollar value of 1-point move.
V - trading volume,
M - daily mean price.
I - larger of today's or yesterday's open interest.

I am not sure whether my algorithm is correct, and should like to check by
comparing with
Somebody else's.

Does anybody has EL algorithm for it? Or maybe contents of those articles?

Regards
Dejan