NetFlows - MetaTrader 4 Script | Forex Indicator Download - MT4/MT5 Resources
(c) 2010 by Shon Shampain for Zen Cows Go Mu, http://www.zencowsgomu.com/ .
NetFlows is an indicator (inspired by user Merlin's comment) that calculates a currency's volume-adjusted flows considering all currency pairs available on the platform.
When reading this indicator, keep in mind that values above the 0.0 line are positive net flows, and values below are negative. Interestingly enough, price behavior can vary across various net flow configurations; for example, EUR/USD may rise due to negative EUR flows and negative USD flows (in which case we will illustrate the situation in terms of relative net flows).
Of course, this indicator is limited by the currency pairs available on the platform. Also limited to 8 major currencies (feel free to modify if there are more).
Attachment download
📎 NetFlows.mq4 (4.88 KB)
Source: MQL5 #9753
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