Chaikin Money Flow Index
The Chaikin Money Flow Index (CMF) was authored by Marc Chaikin. The CMF is an oscillator derived from the Accumulation/Distribution Line. CMF values are calculated by adding all of the A/D line values for the period and dividing this by the total volume for the period. The user may change only the period length. This indicator’s definition is further expressed in the condensed code given in the calculation below.
How To Trade Using Chaikin Money Flow (CMF)
No trading signals are calculated for this indicator.
How To Access in MotiveWave
Go to the top menu, choose Study>Marc Chaikin>Chaikin Money Flow (CMF)
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//period = user defined, default is 20
//LT = less than, LOR= = less or equal
//index = current bar number
adTotal = 0; volumeTotal = 0; for(i = index-period+1; i LOR= index; i++) adTotal += getVolume(i)*mfm(i); volumeTotal += getVolume(i); endFor Plot: adTotal / volumeTotal;