indicator · own pane · open source
Money Flow
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About
Money Flow is the cumulative sum of (close-position-in-range) × volume — a single-line distillation of buy vs sell pressure across the chart.
- Use the slope rather than the absolute value: rising slope = money entering, falling slope = money leaving.
- Pair with price for divergence reads.
Source code
//@version=5
indicator("Money Flow", overlay=false)
mfm = close == high and close == low or high == low ? 0.0 : ((close - low) - (high - close)) / (high - low)
mf = ta.cum(mfm * volume)
p_MF = plot(mf, "MF", color=color.blue, linewidth=2)
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