Quan Money Flow

2019年6月14日

This indicator used to check the power in price and volume while the money going in and out of the market. It takes combination of price power, its direction and volume into consideration.

*** Can be used on long term chart (monthly or weekly) or even short-term one like daily, hourly chart.

*** Indicator colors:
- Red: trend down
- Green: trend up

*** Guide to use this indicator:
- Buy when it is under 0 and starts going up.
- Be hesitate to buy when the indicator is over 0, as your risk is big and the reward is low.
- Always put a stop when you go in the market, as NO indicator can guarantee you 100% correct all the time.

2019年6月14日

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Updated to USD/JPY to have longer view in term of time.

2019年7月4日

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Updated UI.
Updated buy and sell signal logic.

2019年7月12日

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Add option to use a test price instead of current close price.

2019年7月12日

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Update view.

2019年7月12日

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Update short name.

2019年8月2日

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Update price text.

2019年8月2日

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Update chart.

2021年1月7日

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Add resolution to reduce the noise of each bar (you still can use the original timeframe if you want too).

Can use in any timeframe (5m, 15m, 1H, 1D, 1W, ...) to see the trend.

Note: this script has a small side affect of repainting as it uses resolution. Thus, you might want to wait a little bit before entering a trade.

2021年1月7日

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Add option to reduce the repainting issue.

8月5日

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Enhance auto resolution.
Auto choose source now.