Deish MediaA touch is not a turn.
DP_MoneyFlow_Osc_v5 is a Money Flow Index oscillator that marks a reversal only once it confirms, not on every brush of the overbought or oversold line.
A cleaner money-flow read
DP_MoneyFlow_Osc_v5 is a Money Flow Index oscillator: a volume-weighted momentum line that runs in its own pane below price, reading whether money is flowing into or out of a symbol rather than just tracking price change on its own.
Most MFI implementations mark every crossing of the overbought or oversold line, which produces a signal even while the line is still moving deeper into the zone. This one waits for the line to actually turn. It also carries a colour gradient that shows how deep into either extreme price currently sits, so the read is visible before a signal ever fires.
It is a general-purpose oscillator, not tied to any particular market or session. It works on any symbol and timeframe that carries volume data.
Signals need a confirmed peak
The oscillator splits hlc3 × volume into positive
and negative flow over a 50-bar window, expresses the ratio as a 0 to
100 read, and smooths it twice, once at an 8-bar length and again at a
14-bar trend length. Overbought sits at 70 and oversold at 30.
A buy or sell label only prints on a confirmed peak: the line has to have closed at or beyond the extreme line on the previous bar, and be turning back this bar. A line that touches the extreme and keeps moving the same direction prints nothing, which is the exact case the figure above marks. An alternation option can also require signals to take turns, buy then sell then buy, so the same side cannot fire twice in a row. A reverse toggle inverts the whole oscillator's polarity for traders who read money flow the other way round.
What you tune
- Length
- 50
- Overbought / Oversold
- 70 / 30
- Smoothing length
- 8
- Trend smoothing length
- 14
- Reverse money flow
- Off
- Alternate signal
- On
Specification
- Type
- Indicator
- Pine version
- v6
- Chart placement
- Separate pane
- Plots
- Gradient-coloured MFI line, OB/OS band
- Alert conditions
- Buy Alert, Sell Alert
- Intended market
- Any symbol with volume data
- Intended timeframe
- Any
What a licence is
Every product on this site is sold on the same terms. There is no tier above this one and no plan below it.
- Price
- $10.00
- Billing
- Once
- Machines per licence
- 3
- Future versions
- Included
- Renewal date
- None
- Account required
- No
- Verification
- Offline, on your machine
- Trial
- 30 days, nothing disabled
$10 is an introductory price. It is what these products cost while the lines are being built out, and it is not the long-term price. What a licence buys does not change when the price does. Buy at $10 and it stays a full lifetime licence for three machines, every future version included, whatever it costs afterwards.
Activation happens once. Every launch after that is checked locally, so a studio with no internet opens normally and a licence cannot be switched off from here. Read the terms.