NetFlows Indicator
Platform: MT4 Type: Volatility Last update: August 3, 2024The NetFlows indicator is a custom forex indicator that computes the volume-adjusted flow of a currency considering all currency pairs available on your platform.
When reading the indicator, remember that values above the 0.0 line are positive net flows, and values below negative. It is very interesting to notice that price action can move in a wide range of net flow configurations.
For example, EUR/USD might be increasing on both negative Euro flows AND negative Dollar flows (in which case one would defer to relative net flows to tell the story).
This indicator is, of course, limited by the pairs available on your platform. It is also limited to the 8 major currencies (feel free to modify if you have more).
We have attached two versions of the NetFlows indicator – the first one shows line signals and the second one shows bars signals.
