// Downloaded From https://www.WiseStockTrader.com //------------------------------------------------------------------------------ // Formula Name : OGTS Time Segmented Money Flow // Author : KH Tang // Company : Wealth Resonance // Last Update : 15 Jan 2014 // Date Updated : 22 Nov 2013 // Update with opening price as direction* // Origin date : 5 Jun 2007 // Origin : KH Tang // Version : 1.01 // Level : Volume Spread Analysis // Description : Key Usages: // : 1.Tape Reading for Direction of Breakout in Trading Range // : 2.Tape Reading for Divergence in Trending // : Note: Enhancement to include Opening price as direction. //More notes on blog: //http://blessedfool.blogspot.sg/2014/02/stock-market-tools-12-better-obv-and.html //------------------------------------------------------------------------------ procedure BackgroundSetting() { SetChartBkGradientFill( ParamColor("BackgroundTop", colorSkyblue), ParamColor("BackgroudBottom", colorWhite),ParamColor("TitleBlock",colorWhite)); } SetBarsRequired( -2, -2 ); _SECTION_BEGIN("Display Setting"); GraphXSpace = 10; Backgroundsetting(); _SECTION_END();//Display Setting //William C. Garrett's Approximation: //GPaths = IIf(C>Ref(C,-1),((H-Ref(C,-1))+(H-L)+(C-L)),IIf(CRef(C,-1),((H-Ref(C,-1))+(C-L)),IIf(CRef(C,-1),(H-L),IIf(CRef(C,-1),Path2, 1)); UpShare= IIf(CRef(C,-1),UpShare2,0)); DnShare= IIf(CRef(C,-1),DnShare2,0)); FlowFactor = Avg; FlowIn = UpShare/Paths*Volume*FlowFactor; FlowOut = DnShare/Paths*Volume*FlowFactor; NetFlow = FlowIn - FlowOut; TotalFlow = Cum(NetFlow ); PlotType = ParamList("Type of Chart Plotting:","Cumulative|Time Segmented",1); LBP = Param("LBP for Time Segmented Plot",26,10,50,1); FastSmoothMF = EMA(TotalFlow,int(LBP/2)); SlowSmoothMF = EMA(TotalFlow,LBP); DailyNetFlow= IIf(NetFlow==0,MA(Netflow,30),NetFlow); if(PlotType=="Cumulative") { Plot(TotalFlow ,"Garrett Money Flow",colorRed,styleThick); } else if (PlotType=="Time Segmented") { TSMF=FastSmoothMF - SlowSmoothMF; Plot(TSMF,"Time Segmented Money Flow",colorRed,styleThick); Plot(0,"",colorBlack); TSMFsig = EMA(TSMF,9); Plot(TSMFsig,"Sig",colorBlue); Histogram = TSMF-TSMFSig; Plot(Histogram,"Histogram",colorBlack,styleHistogram); }