Twiggs Money Flow is Colin Twiggs' derivation of the popular Chaikin Money Flow indicator, which is in turn derived from the Accumulation Distribution line. While Chaikin Money Flow uses Close Location Value to evaluate volume as bullish or as bearish, Twiggs Money Flow, uses the True Range. Twiggs Money Flow also relies on moving averages in its calculation while Chaikin uses cumulative volume.
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