Twiggs Money Flow

Twiggs Money Flow is Colin Twiggs' derivation of the popular Chaikin Money Flow indicator, which is in turn derived from the Accumulation Distribution line. While Chaikin Money Flow uses Close Location Value to evaluate volume as bullish or as bearish, Twiggs Money Flow, uses the True Range. Twiggs Money Flow also relies on moving averages in its calculation while Chaikin uses cumulative volume.

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Manufacturer: nt8indicators

SKU: TWIGGS

Vendor: nt8Indicators

$9.90

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Twiggs Money Flow warns of breakouts and provides useful trend confirmation. It is based on the observation that buying support is normally signaled by:

increased volume and
frequent closes in the top half of the daily range.

Likewise, selling pressure is evidenced by:

increased volume and
frequent closes in the lower half of the daily range.

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