TraderWerks Money Flow
The Money Flow indicator often warns of breakouts and provides useful trend confirmation.
Chaikin Money Flow is based on Chaikin’s theory n that buying support is signaled by increased volume and frequent closes in the upper half of the daily range.
The TraderWerks version of this indicator tweaks the Chaikin Money Flow to make the indicator more responsive. You can uses the indicator to confirm a support/resistance breakout. For example, you could go long once the price goes above zero if confirmed by Money Flow readings above zero.
Now in this image, you can see the difference between the TraderWerks Money Flow indicator and the Chaikin Money Flow indicator.
The TraderWerks indicator is smoother and responds quicker to price changes.
You can download this for free at TraderWerks.