Hi Mrtools,
I need to modify an indicator but I do not know how to do it, I have been advice to ask you in this forum.
What I need is a modification of the attached indicator, the formula used is a modification of OBV is like an enhancement. But I have found that the best formula for cumulative volume indicators is:
1. Money Flow Multiplier = [(Close - Low) - (High - Close)] /(High - Low)
2. Money Flow Volume = Money Flow Multiplier x Volume for the Period
3. ADL = Previous ADL + Current Period's Money Flow Volume
Basically the Accumulation Distribution Line or A/D Line.
Could you please change the current formula of the indicator for the A/D one please?
Thanks
Kind regards
