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.

Well, I was bitten by Microsoft. This website works in all the web browsers I use EXCEPT Microsoft Internet Explorer. 

Seriously, what is Microsoft doing? This web site will work in Opera, Kong,  Safari, Firefox, and Camino.

But not Microsoft.  Such is life. We will have someone look at the site shortly. But if you are using Internet Explorer, you probably don’t see this post anyway.

 

EDIT That was quick. It is the “float drop” bug that has been in Internet Explorer for years. Well, I guess it is not a bug since it has been in there for years. If you want more info, check out the CSS. Welcome our Microsoft overlords.

Edwin Sedgwick Coppock developed the Coppock Indicator in 1962 for use on the Dow Jones Industrial Average. Published in Barron’s the same year, it was intended to generate buy signals only. The suggested signal was an upturn in the Coppock indicator from an extreme low.

Other interpretations are for a sell signal when there is a higher peak in stock prices but a lower peak in the Coppock indicator. Commodity markets tend to have the opposite behavior when compared to equity markets, with extreme tops and rounded bottoms. Consequently, the Coppock Indicator is better at identifying tops in commodities than bottoms.

I wanted to see what the Coppock Indicator would say about the price of oil. Now it is a long term indicator, but we can still take a look.

THIS INDICATOR IS FOR DAILY CHARTS ONLY. You can run it on any time frame you want, but it is written for daily charts.

You can download this one from TraderWerks.com

Market emotion is a cool little indicator. It gives you an idea of where the market is inrelation to the range of the current session. I had not seen on for NinjaTrader so I decided to write this one.

You can download this one from TraderWerks.com.

 

Never heard of this indicator before. Someone named ‘Buffy’ uses this over at DaCharts.com. I think with a name like Buffy, she must have been a pit trader.

So I am looking for anyone who has actually used BLine or can give me a reference. Which would be great.