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Volume Indicator: Chaikin Money Flow
Source: https://fxcodebase.com/code/viewtopic.php?f=17&t=1965
Forum: 17 · Topic 1965 · 3 post(s)
Volume Indicator: Chaikin Money Flow
Nikolay.Gekht · Sat Aug 28, 2010 8:43 pm
The Chaikin Money Flow (CMF) is another Marc Chaikin’s indicator intended to determine whether the instrument is under accumulation or distribution by comparing the closing price to the high-low range of the trading session. In other words, if the stock closes near the high of the session with increased volume, the CMF increases in value. If the stock closes near the low of the session with increased volume, the CMF decreases in value.
Formula is: CMF(N) = SUM(A/D, N) / SUM(VOLUME, N)
Download:
The indicator was revised and updated
MT4/MQ4 version. viewtopic.php?f=38&t=67159
Re: Volume Indicator: Chaikin Money Flow
Apprentice · Sat Nov 08, 2014 6:16 am
OB/OS lines Added.
Re: Volume Indicator: Chaikin Money Flow
Apprentice · Sat Jul 01, 2017 5:35 am
The indicator was revised and updated.