OPEN-SOURCE SCRIPT

Money Flow Dashboard

Aktualisiert
The Money Flow Dashboard is my take on trying to replicate the great and mighty Market Cipher's Money Flow and pack it into a comprehensive dashboard format with access to various timeframes.

If Money Flow is king 👑, then follow the Money 💸

How to Use Money Flow Dashboard:
1. Timeframe Selection: Choose the relevant timeframes based on your trading style and preferences. Enable or disable timeframes in the settings to focus on the most relevant ones for your strategy.

2. Dashboard Interpretation: The Money Flow Dashboard displays green (🟢) and red (🔴) symbols to indicate when the Money Flow is in green or in red zone. You can also leverage the Money Flow values on the dashboard to better interpret sentiment and its changes.

3. Dashboard Placement: To maximize effectiveness, consider placing the Money Flow Dashboard alongside your Market Cipher indicator, allowing for seamless analysis of market dynamics on multiple timeframes at the same time.

4. Confirmation and Strategy: Consider Money Flow Dashboard signals as confirmation for your trading strategy. For instance, in an uptrend, look for long opportunities when the dashboard displays consistent green symbols. Conversely, in a downtrend, focus on short opportunities when red symbols dominate.

5. Risk Management: As with any indicator, use Money Flow Dashboard in conjunction with proper risk management techniques. Avoid trading solely based on indicator signals; instead, integrate them into a comprehensive trading plan.
Versionshinweise
Added an option to switch between Money Flow and VWAP 🎛️
Versionshinweise
Updated the chart 🖼️
Versionshinweise
Clean up the code and add 2m timeframe 🛠️
Versionshinweise
- Improve performance by reducing the amount of security requests
- Get rid of the VWAP option (as it does not relate to Money Flow at all)
- Add a 3D timeframe
Money Flow Index (MFI)multitimeframeSimple Moving Average (SMA)

Open-source Skript

Ganz im Sinne von TradingView hat dieser Autor sein/ihr Script als Open-Source veröffentlicht. Auf diese Weise können nun das Script auch andere Trader verstehen und prüfen. Vielen Dank an den Autor! Sie können das Script kostenlos verwenden. Die Nutzung dieses Codes in einer Veröffentlichung wird in unseren Hausregeln reguliert. Sie können es als Favoriten auswählen, um es in einem Chart zu verwenden.

Möchten Sie dieses Skript auf einem Chart verwenden?

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