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Hello,

I was wondering if it was possible to build the "Money Flow Index" with Molanis. I have a very similar indicator that I would like to build and would like to buy the Technical Indicator software if it has the capability to build the "Money Flow Index"

Thanks
Brian

It's possible but too complex for a beginer. You will be better off doing a google serach to get it
Also the concept of volume in forex is tricky. You may be getting your brokers volume for the mt4 server but not the real volume. A better approximation is when you get the volume from a big ecn. Ask you broker about it.
If you use these formulas:
* 1. Typical Price = (High + Low + Close)/3
* 2. Raw Money Flow = Typical Price x Volume
* 3. Positive Money Flow = Sum of positive Raw Money Flow over 14 periods.
* 4. Negative Money Flow = Sum of negative Raw Money Flow over 14 periods.
* 5. Money Flow Ratio = (Positive Money Flow)/(Negative Money Flow)
* 6. Money Flow Index = 100 - 100/(1 + Money Flow Ratio)

You need to build, 1, 2, 3 and 4 in oune indicator with 4 signals. Then in a second indicator use the first one to create 5 and 6

Thanks very much for your comprehensive response