It considers the change of price in the direction change of price is +Ve then considered as +Ve money flow -Ve then considered as -Ve money flow and it multplied by Volume change
This Strategy works best with NIFTY
For Scalping:-
Settings:- 1 Min Candle Time Frame, Length 20
For Swing:-
Setting:- 30 Min Candle Time Frame, Length 11
How to use it?
Common usage:-
Buy - When turns Red to Green Buy by keeping 1.5 * ATR as SL or Trailing SL(Optional) at the same time frame Sell - When turns Green to Red SL by keeping 1.5 * ATR as SL or Trailing SL(Optional) at the same time frame
Trend reversal:-
Draw Divergence between indicator and price
Buy - Indicator forms Higher Highs(Red Side), Price Lower Lows Sell - Indicator forms Lower Lows(Green Side), Price Higher Highs
Breakouts:-(Less Accurate compared to other scenarios) End of Triangel/Box Indicator Turns Red to Green - Bullish Breakout, Green to Red Bearish Breakout
can use for breakouts chart patterns and guess which side it's going to break can use for reversal as well by observing divergence between price & indicator
Note:- In the future, an updated version is coming with it auto-generated buy/sell signal on the chart & gives backtesting results as a strategy