This calculates the dollar volume per candlestick (2nd row) and cumulative (3rd row) of the entire trading day for each subsector of the SPY.
The 'Total' column is the total of all the subsectors combined. It is calculated separately from SPY volume.
The money flow is calculated with (open+close)/2 which means different timeframes yield different results and won't be especially accurate day-by-day. This is useful to quickly see rotation and possible divergences.
@barnabygraham, Thanks very much great addition, Would it be possible to make an option to see it as % from open?
barnabygraham
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@tommyjg, vtrader321 has already made that, it's called 'Sector Performance'. Also, it's a fair step away from the point of this indicator. Happy trading.
Actually, I had a quick look at that script's code and it might not be measuring from the open. I would be really surprised if someone hadn't made one like that yet, have a search around and I think you'll find one.