Quote from Bolimomo:
Are you thinking of the "Money Flow Indicator"?
I never am too interested in this indicator because I don't know how they can figure out how the money flows based on stock prices.
Quote from oraclewizard77:
The CMF. (Chaikin Money Flow)
http://www.mysmp.com/technical-analysis/chaikin-money-flow.html
Chaikin Money Flow Definition
The chaikin money flow (CMF) was developed by Marc Chaikin and attempts to determine if a stock is under accumulation or distribution by comparing the closing price to the high-low range of the trading session. In Lehman's terms, if the stock closes near the high of the session with increased volume, the CMF increases in value. Conversely, if the stock closes near the low of the session with increased volume, the CMF decreases in value. The chaikin money flow indicator was developed as an expansion to the On Balance Volume indicator.
Quote from TapeReader:
Here's an indicator (updated in real-time and free) that rummages through Order Flow in the electronic futures markets.
It is a little more advanced than Chaiken's and is geared towards today's electronic futures markets.
It is pretty good at telling you whether the Buy or the Sell Programs are in charge...
WOW Index by Algo Futures
Hope this helps.