MTF Enhanced Money Flow Index - Quong/Soudack
This is my "Enhanced Money Flow Index" indicator using Pine Script version 4.0. This was originally conceived by Gene Quong and Avrum Soudack. While the original was simplistically designed, I enhanced it by adding a multitude of features listed below.
Most noticeably is the multiple time frame (MTF) features in the indicator "Settings". The upper two displayed indicators are using 15 second and 4 minute time frames. This may be the second PSv4.0 script to accommodate seconds in MTF adequately, but don't quote me on that. I haven't spent hours extensively looking for them. Be forewarned, second-based time frames are currently for Premium subscribers only, until such time in the future when the prerogative of TV might change. I will be adding second-based time frames to my other indicators where I feel it is beneficial to the indicator.
One other noticeable feature of this script is the adjustable automated gain control mechanism providing better visibility than the plain original TV built-in seen on the very bottom. This enables the indicator to make more complete full swings between +/-1.0 with the available indicator space compared to the original for a slightly improved visual examination.
Note: This script has volume detection built-in. When no volume is available, the background color will be overwhelmingly red AND the indicator will cease to function.
Features List Includes:
I.P.O.C.S.(Initial Public Offering Clean Start) Technology
Enable/disable dark background for enhanced visibility
"Period" adjustment
"Gain Control" adjustment
"Line Width" adjustment
"Display Area" selection for visual variations displayed above
Ranges and thresholds are enable/disable capable
Upper threshold adjustment
Red/green secondary range that adjusts +/- from the upper/lower thresholds
Lower threshold adjustment
Adjustable centered medial zone
This is not a freely available indicator, FYI. To witness my Pine poetry in action, properly negotiated requests for unlimited access, per indicator, may ONLY be obtained by direct contact with me using TV's "Private Chats" or by "Message" hidden in my member name above. The comments section below is solely just for commenting and other remarks, ideas, compliments, etc... regarding only this indicator, not others. If you do have any questions or comments regarding this indicator, I will consider your inquiries, thoughts, and concepts presented below in the comments section, when time provides it. When my indicators achieve more prevalent use by TV members, I will implement more ideas when they present themselves as worthy additions. As always, "Like" it if you simply just like it with a proper thumbs up, and also return to my scripts list occasionally for additional postings. Have a profitable future everyone!
Most noticeably is the multiple time frame (MTF) features in the indicator "Settings". The upper two displayed indicators are using 15 second and 4 minute time frames. This may be the second PSv4.0 script to accommodate seconds in MTF adequately, but don't quote me on that. I haven't spent hours extensively looking for them. Be forewarned, second-based time frames are currently for Premium subscribers only, until such time in the future when the prerogative of TV might change. I will be adding second-based time frames to my other indicators where I feel it is beneficial to the indicator.
One other noticeable feature of this script is the adjustable automated gain control mechanism providing better visibility than the plain original TV built-in seen on the very bottom. This enables the indicator to make more complete full swings between +/-1.0 with the available indicator space compared to the original for a slightly improved visual examination.
Note: This script has volume detection built-in. When no volume is available, the background color will be overwhelmingly red AND the indicator will cease to function.
Features List Includes:
I.P.O.C.S.(Initial Public Offering Clean Start) Technology
Enable/disable dark background for enhanced visibility
"Period" adjustment
"Gain Control" adjustment
"Line Width" adjustment
"Display Area" selection for visual variations displayed above
Ranges and thresholds are enable/disable capable
Upper threshold adjustment
Red/green secondary range that adjusts +/- from the upper/lower thresholds
Lower threshold adjustment
Adjustable centered medial zone
This is not a freely available indicator, FYI. To witness my Pine poetry in action, properly negotiated requests for unlimited access, per indicator, may ONLY be obtained by direct contact with me using TV's "Private Chats" or by "Message" hidden in my member name above. The comments section below is solely just for commenting and other remarks, ideas, compliments, etc... regarding only this indicator, not others. If you do have any questions or comments regarding this indicator, I will consider your inquiries, thoughts, and concepts presented below in the comments section, when time provides it. When my indicators achieve more prevalent use by TV members, I will implement more ideas when they present themselves as worthy additions. As always, "Like" it if you simply just like it with a proper thumbs up, and also return to my scripts list occasionally for additional postings. Have a profitable future everyone!
Notas de prensa:
Updated MTF controls, adding "Sampling Quantization" allow/remove selection