The Chaikin
Money Flow compares sum volume to the
closing price and the daily peaks and
falls to define the number of issues
being purchased and sold of a certain
security. This indicator was developed
by Marc Chaikin
If Chaikin Money
Flow is less than zero it's a definite
first bearish signal. If the point is
below zero it means that a security is
experiencing distribution or stays
under selling pressure.
Formula:
SUM( [(Close - low) -
(high - close)] * Volume /
(high - low ) )
____________________________________________________
SUM(Vol,period)
Where:
Parameters:
Period - Period from which to
calculate the CMF
Arguments:
None
Output Indicators:
CMFout
Example:
Study Name Expanded in a 3 minute timeframe:
I3_CMF(21)_I3
This study calculates
CMF with period of 21 a
The output indicators names are appended to the studyname,
that is if the studyname is sn1 then
the outputindicator is
sn1::CMFout
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