Twiggs Money Flow

The Twiggs Money Flow is a variant of the Chaikin Money Flow, designed by Colin Twiggs. Compared to Chaikin Money Flow uses the True Range instead of the HIGH-LOW range, thus limiting the peaks due to the gaps of the financial instruments. A Welles Wilder Smoothing on volumes is also used to prevent VOLUME peaks from affecting the result.
When the Twiggs Money Flow is higher than 0, we are in a phase of accumulation, and therefore prices will tend to rise. When Twiggs Money Flow is less than 0, we are in a distribution phase and prices will tend to move downwards.