MoneyFlowIndex
Posted by Mohammad Rahhal, Last modified by Diana Alkouni on 14 September 2020 12:34 PM

Syntax

 Public Function MoneyFlowIndex(chart_ID As Long, volumeVal As ENUM_VOLUME_METHOD,period As Integer) As String

Description

The Money Flow Index measures the money flow of security, using volume and price for calculations.

Market bottoms below 20 and tops above 80. The divergence of price and Money Flow Index are also used.

Parameters

Key Description 
chart_ID Chart identifier, 0 is the current chart, a value of type Long
volumeVal Volume type for calculation can be one of the  ENUM_VOLUME_METHOD.
period The calculation period, on which the indicator will be calculated, a value of type Integer.

Return value

Returns the handles of a technical indicator, in case of failure returns an empty string.

Sample

Public Sub main()

AlertMessage (MoneyFlowIndex(0,VOLUME_LOW,14)) 'Draws the indicator on the chart and shows an AlertMessage with the indicator name.

End Sub

See Also


Back to VTL Client Script Index

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