TJ Money Flow

TJ Money Flow, one of the most frequently used indicators by me.

This indicator is a modification of the CMF and it has great use and multiple interpretation possibilities.

I like treating it like the addition of StochRSI to RSI, just that TJ-MoneyFlow works like a "behind the scenes tool" of the volume indicator.

The first most important thing about it are the spikes. I like seeing a movement either up or down, confirming it with a spike in the TJ-MF.

The next sparkle about it is the modification of movements down and movements up.
When it moves down, it is in blue color, when it moves up it is in green color.
This lets me compare the candle direction to the Money Flow direction.
Bigger clouds of the same color indicate strength in the direction.

One more step that I like using the TJ-MoneyFlow for is for divergences. Either divergences on a cloud itself, regardless from its color.
Or divergences over two separate clouds. The idea is, if there is a significant trend, then it should be confirmed by the MoneyFlow.


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Cheers, TJ