Developed by Colin Twiggs this indicator is based Chaikin Money Flow formula but has the following differences:
1. Uses true range, rather than daily Highs minus Lows.
2. Uses Wilder's smoothing instead of a simple moving average.
Developed by Colin Twiggs this indicator is based Chaikin Money Flow formula but has the following differences:
1. Uses true range, rather than daily Highs minus Lows.
2. Uses Wilder's smoothing instead of a simple moving average.