BskLAB - Money Flow X

🧠 BskLAB – Money Flow X™ | Volume & Momentum Visualization Framework
BskLAB – Money Flow X™ is a modular analysis tool developed to help traders visually interpret volume pressure, momentum shifts, and divergence signals through a combination of dynamic histograms and oscillator-based logic.

Built with flexibility in mind, this indicator includes two operational modes — each tailored to highlight different aspects of market behavior using internal smoothing, color-based signals, and contextual overlays. When used alongside other components within the BskLAB suite, it supports more informed decision-making through volume-based confirmation.



🔧 Mode 1: Money Flow Mode (WaveTrend + Divergence Overlay)
This mode features a custom implementation of a dual-line WaveTrend oscillator designed to measure short-term momentum against a smoothed trend baseline.
Key logic includes:
WT1 (Fast Line): Measures near-term momentum using (H+L+C)/3 with EMA smoothing
WT2 (Signal Line): Applies SMA smoothing to WT1 for trend filtering
Zero Line Interpretation: Values above/below 0 indicate bullish/bearish momentum bias
Crossover Color Logic: Cyan for bullish crossover, White for bearish
Additionally, this mode includes an automated divergence detection system that visually maps potential price/momentum mismatches:

🟢 Green = Classic Bullish Divergence
🔴 Red = Classic Bearish Divergence
🔵 Blue = Hidden Bullish Divergence
🟠 Orange = Hidden Bearish Divergence

This structure helps traders monitor both momentum direction and divergence opportunities without manually drawing lines.


📊 Mode 2: Volume Momentum Mode (Dynamic Histogram)
This mode provides a volume-driven pressure reading via histogram bars that dynamically scale based on the behavior of PercentB (%B) from Bollinger Bands.
Calculation Breakdown:
%B is computed from the relationship between price and its Bollinger Band range
The histogram expands/contracts in proportion to how far price stretches from its mean

Bar Color Logic:
🔴 Red = Dominant selling pressure
⚪ White = Dominant buying pressure
This display helps visualize momentum build-up and directional conviction — especially when used to confirm breakouts or identify exhaustion zones.



🔬 Internal Logic Overview
WaveTrend Oscillator System (WT1 & WT2)
WT1 = Momentum Line (EMA-smoothed average price)
WT2 = Signal Line (SMA of WT1)
Crossover behavior and color logic reflect directional momentum
Money Flow Pressure Line (Area Plot)
Measures pressure from volume-weighted price behavior
Color-shifts between Light Cyan (buying pressure) and Light White (selling pressure)
Helps contextualize WT crossover signals with volume flow
Combined, these signals offer a layered view of whether momentum is building, stalling, or diverging from price.

🧩 Intended Usage & Integration
Money Flow X™ is designed as a confirmation tool rather than a standalone signal generator. Its optimal use is in conjunction with other BskLAB indicators — especially Signal Assistant™ — to validate potential trade entries using volume/momentum alignment.
Example workflow:
Receive a structural or momentum-based signal from Signal Assistant
Cross-check with:
WT1 crossover confirmation in Money Flow Mode
Volume Histogram color change in Volume Momentum Mode
Divergence presence (if enabled)
By using Money Flow X in this supporting role, traders can filter weaker signals, increase conviction, and improve context-based decision-making.

⚙️ Customizable Inputs
Toggle between Money Flow and Volume Momentum mode
Adjustable WaveTrend smoothing lengths
Custom divergence overlays (Classic / Hidden)
Histogram sensitivity via volume length input




🔶 CONCLUSION
BskLAB – Money Flow X isn’t just another indicator — it’s a decision-making support system designed to uncover the truth behind price movements.
It helps traders gain clarity during uncertainty, separate strong signals from noise, and develop a systematic approach to entries.
By combining oscillator-based momentum + volume behavior + divergences, this tool becomes essential for traders who prioritize execution accuracy in real-world conditions.

🔶 RISK DISCLAIMER
Trading involves high risk and is not suitable for everyone. All tools, scripts, and content provided by BskLAB are for educational purposes only and do not constitute financial advice.
Past results do not guarantee future performance — trade responsibly.