Tonight I present to you a brand new indicator. I call it the MoneyFlowTrend Oscillator. This is another one that I've been piecing together for years and learning how to code pine has allowed me to bring it to life.
Built on the idea of Supply & Demand Zones, this utilizes money flow and numerous calculations to create a picture of what is happening underneath the surface of the price action. Richard Wykoff was one of the first market analysts to explain how the economic cycle can be applied to explain market price action; thus, technical analysis. He described two zones among the total of 4 phases; the two zones are Distribution and Accumulation zones, also known as Supply & Demand zones. ______________________________ Since most of you already know the economic cycle, I will try to be concise. The basic ideas:
When supply is greater than demand, the price goes up down.
When demand is greater than supply, price goes up.
When demand is equal to supply, the price stays about the same (going sideways).
Price action has --Uptrends, downtrends, and price ranges (consolidation). Wykoff's 4 phases to explain this price action : 1) Accumulation (Demand zone) 2) Markup (Uptrend) 3) Distribution (Supply zone) 4) Markdown (Downtrend) ______________________________
With all that said, usually you will either see a sharp jump from a supply or demand zone or it will consolidate within it. Until a new one is formed on the chart. This indicator attempts to put all of that into a lower indicator. I tried to separate the retailers and the banks and then put them back together to get a full picture.
The MoneyFlowTrend Oscillator Signals are super accurate. ((accuracy can't always be this close to perfect.))
These are the signals + highlight that I have activated, you can toggle on and off between them.
hello, i would love to try it out but i am confused, what is the difference between the soft signals, money flow signals and money trend signals and which should be given more emphasis on? i am a bit confused on that
UPRIGHTTrading
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@ernestvandyke93, Hello sorry for the delay, I completely missed this. I may need to clean the tooltips to make it more clear, but the Soft signals are signals based on the MoneyTrend. Where the MoneyFlow signals are separate. One is trend oriented and the other is MoneyFlow, so it depends on which is more important at that point. This creation was to kind of get my ideas out there of the relationship between the 2. The premium version refines everything. I hope that answers your question!
SwapnilKG
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Hello sir...how i get premium version of this indicator?? How to contact you..
UPRIGHTTrading
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@Demon10, Hi, thank you for your question. You can DM me on here or go to any of the premium versions and look at my author notes as to where to go for a trial. Cheers
lnguyen2023
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Hi, in 1h tf, I set alert on Demand buying but I didn’t see a green B signal when got an alert. How can we set alerts when B or S signals?
UPRIGHTTrading
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@lnguyen2023, Hi, I don't have full featured alerts on this version. As this was more or less to get my ideas out there. It is still very powerful. The premium version refines everything and uses machine learning and of course adds full Alert support.