DYO: Twigg Money Flow Index example

Q:  Can Ensign plot the Twigg Money Flow Index?

A:  Here is a prototype of the Twigg Money Flow Index using our DYO form to implement formula logic.   I am not clear on what the Wilder part of the MetaStock example is doing, so the line drawn by the DYO is the formula you showed without any averaging of the parts.

In the chart sub-window, the Red line is a plot of the built in Chaiken Indicator.  The Blue line is the DYO implementation of the Twigg Money Flow Index formula of:   MFI = ((Close-TrueRangeLow)-(TrueRangeHigh-Close)) / TrueRange)*Volume

Template:  1353-TwiggMFI