MoneyVolume TS Indicator
Available from Micro-Labs Inc
The MoneyVolume Indicator for Tradestation attempts to reveal buying/selling pressure and/or accumulation/distribution in a security, which is not yet reflected in the security price.
MoneyVolume is a technical indicator calculated from both a security’s price and volume. It works equally well in any time frame. It would usually be overlaid in the same window as the security although it can be placed in a separate window. MoneyVolume is interpreted by comparing MoneyVolume to price to see if a positive or negative divergence has formed.