Popular tags: Support, Resistance, Trend, Range, Fibonacci, Wave, Divergence, Multi time frames(MTF), Swing, Volume, Overbought, Oversold
Customization and Conversion for: MetaTrader(MT4, MT5), Thinkorswim, NinjaTrader, MultiCharts, Tradingview, Prorealtime, SierraChart, etc.
License renew price will be 20% off for the 2nd year and after.

 


Flow of fund (FOF) indicator for MultiCharts 1 Year license

Flow of fund (FOF) indicator for MultiCharts 1 Year license
Flow of fund (FOF) indicator for MultiCharts 1 Year license Flow of fund (FOF) indicator for MultiCharts 1 Year license Flow of fund (FOF) indicator for MultiCharts 1 Year license Flow of fund (FOF) indicator for MultiCharts 1 Year license Flow of fund (FOF) indicator for MultiCharts 1 Year license
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This purchase is a 1-Year license. About License renew.

Flow of fund (FOF) simply refers to the direction of money in the market. FOF indicator shows how the flow of funds impacts market price.

The idea of this indicator is very intuitive, prices raise when cash flowing into the market and drop when cash flowing out of the market.

The calculation of FOF involves three basic but the most important elements of the financial market: TIME, PRICE and VOLUME.

Flow of fund indicator consists of two parts:

  1. The HISTOGRAM shows the total amount of money to get in or out of the market within 1 bar.
    • If selling pressure is stronger than buying pressure, it will be a red bar,
    • otherwise, it will be a green bar.

    •  
  2. Two Flow of fund trend lines, indicating the short and long term movement of money flow.
    • Fast trend line uses a shorter period of time.
    • Slow trend line uses a longer period of time.
    • The length of period of both trend line is adjustable by user.

The orange line in the images is slow FOF, the blue line is fast FOF.

It works within all time period (Tick, Minutes, Daily, Weekly, Monthly) with VOLUME.

 


Please note that you need to change the plot type of 'fund flow' in format study window.


 



 

Related articles:

Prices always follow the Flow of fund, how to use the flow of fund indicator.

The role of flow of funds indicator in day trading.

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