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已更新 TFO + ADX with Histogram & Signal
Trend Flow Oscillator (TFO + ADX) – Histogram + Signal
This version of the original TFO+ADX introduces a MACD-style histogram and signal line overlay for clearer momentum and trend visualization.
The Trend Flow Oscillator (TFO+ADX) blends two powerful volume-based tools — the Money Flow Index (MFI) and Chaikin Money Flow (CMF) — along with a normalized Average Directional Index (ADX). The result is a comprehensive momentum and trend strength tool that offers a more precise read on when markets are gaining or losing conviction.
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How It Works
1.Money Flow Index (MFI)
• Measures volume-weighted buying/selling pressure using price and volume.
• Scaled between –1 and +1 for visual clarity.
2.Chaikin Money Flow (CMF)
• Evaluates volume distribution over time — institutional buying (accumulation) or selling (distribution).
• Also scaled between –1 and +1.
3.TFO Composite Line
• Combines MFI and CMF into a single flow reading.
• A signal line (EMA) tracks the trend of this flow.
• A histogram plots the difference between the TFO and its signal, giving clear signals on shifts in momentum.
4.Normalized ADX Overlay
• Shows trend strength on the same scale (–1 to +1).
• ADX > 0 indicates strong trending conditions.
• ADX < 0 signals weak or consolidating conditions.
⸻
Visual Interpretation
1. Histogram Bars
• Green: TFO is above the signal line → bullish momentum accelerating
• Red: TFO is below the signal line → bearish momentum building
• Bar height represents the strength of the momentum shift
2. Signal Line
• Tracks the smoothed trend of the TFO composite
• Histogram crossing above or below zero reflects momentum crossover and can act as entry or exit signals
3. TFO Raw Line (Optional)
• Still available for reference alongside the histogram
• Shows the unsmoothed blended money flow direction (MFI + CMF)
4. Extreme Zones
• Background shading appears when TFO exceeds ±1.0
• Helps highlight areas of stretched or unsustainable momentum, useful for spotting potential reversals or exhaustion
This version of the original TFO+ADX introduces a MACD-style histogram and signal line overlay for clearer momentum and trend visualization.
The Trend Flow Oscillator (TFO+ADX) blends two powerful volume-based tools — the Money Flow Index (MFI) and Chaikin Money Flow (CMF) — along with a normalized Average Directional Index (ADX). The result is a comprehensive momentum and trend strength tool that offers a more precise read on when markets are gaining or losing conviction.
⸻
How It Works
1.Money Flow Index (MFI)
• Measures volume-weighted buying/selling pressure using price and volume.
• Scaled between –1 and +1 for visual clarity.
2.Chaikin Money Flow (CMF)
• Evaluates volume distribution over time — institutional buying (accumulation) or selling (distribution).
• Also scaled between –1 and +1.
3.TFO Composite Line
• Combines MFI and CMF into a single flow reading.
• A signal line (EMA) tracks the trend of this flow.
• A histogram plots the difference between the TFO and its signal, giving clear signals on shifts in momentum.
4.Normalized ADX Overlay
• Shows trend strength on the same scale (–1 to +1).
• ADX > 0 indicates strong trending conditions.
• ADX < 0 signals weak or consolidating conditions.
⸻
Visual Interpretation
1. Histogram Bars
• Green: TFO is above the signal line → bullish momentum accelerating
• Red: TFO is below the signal line → bearish momentum building
• Bar height represents the strength of the momentum shift
2. Signal Line
• Tracks the smoothed trend of the TFO composite
• Histogram crossing above or below zero reflects momentum crossover and can act as entry or exit signals
3. TFO Raw Line (Optional)
• Still available for reference alongside the histogram
• Shows the unsmoothed blended money flow direction (MFI + CMF)
4. Extreme Zones
• Background shading appears when TFO exceeds ±1.0
• Helps highlight areas of stretched or unsustainable momentum, useful for spotting potential reversals or exhaustion
版本注释
Trend Flow Oscillator (TFO + ADX) – Histogram + SignalThis version of the original TFO+ADX introduces a MACD-style histogram and signal line overlay for clearer momentum and trend visualization.
The Trend Flow Oscillator (TFO+ADX) blends two powerful volume-based tools — the Money Flow Index (MFI) and Chaikin Money Flow (CMF) — along with a normalized Average Directional Index (ADX). The result is a comprehensive momentum and trend strength tool that offers a more precise read on when markets are gaining or losing conviction.
⸻
How It Works
1.Money Flow Index (MFI)
• Measures volume-weighted buying/selling pressure using price and volume.
• Scaled between –1 and +1 for visual clarity.
2.Chaikin Money Flow (CMF)
• Evaluates volume distribution over time — institutional buying (accumulation) or selling (distribution).
• Also scaled between –1 and +1.
3.TFO Composite Line
• Combines MFI and CMF into a single flow reading.
• A signal line (EMA) tracks the trend of this flow.
• A histogram plots the difference between the TFO and its signal, giving clear signals on shifts in momentum.
4.Normalized ADX Overlay
• Shows trend strength on the same scale (–1 to +1).
• ADX > 0 indicates strong trending conditions.
• ADX < 0 signals weak or consolidating conditions.
⸻
Visual Interpretation
1. Histogram Bars
• Green: TFO is above the signal line → bullish momentum accelerating
• Red: TFO is below the signal line → bearish momentum building
• Bar height represents the strength of the momentum shift
2. Signal Line
• Tracks the smoothed trend of the TFO composite
• Histogram crossing above or below zero reflects momentum crossover and can act as entry or exit signals
3. TFO Raw Line (Optional)
• Still available for reference alongside the histogram
• Shows the unsmoothed blended money flow direction (MFI + CMF)
4. Extreme Zones
• Background shading appears when TFO exceeds ±1.0
• Helps highlight areas of stretched or unsustainable momentum, useful for spotting potential reversals or exhaustion
版本注释
Added the WMA and HMA options. Added allerts for the TFO line.
开源脚本
本着TradingView的真正精神，此脚本的创建者将其开源，以便交易者可以查看和验证其功能。向作者致敬！虽然您可以免费使用它，但请记住，重新发布代码必须遵守我们的网站规则。
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。
开源脚本
本着TradingView的真正精神，此脚本的创建者将其开源，以便交易者可以查看和验证其功能。向作者致敬！虽然您可以免费使用它，但请记住，重新发布代码必须遵守我们的网站规则。
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。