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technical_indicators:chaikin_money_flow_cmf [2019/06/24 19:39] 127.0.0.1 external edit |
technical_indicators:chaikin_money_flow_cmf [2023/07/02 15:43] jayanthi [Introduction] |
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| ===== Introduction ===== | ===== Introduction ===== | ||
| - | Developed by Marc Chaikin, Chaikin Money Flow measures the amount of Money Flow Volume over a specific period. Money Flow Volume forms the basis for the Accumulation Distribution Line. Instead of a cumulative total, Chaikin Money Flow sums Money Flow Volume for a specific look-back period, typically 20 or 21 days. The resulting indicator fluctuates above/below the zero line just like an oscillator. Chartists weigh the balance of buying or selling pressure with the absolute level of Chaikin Money Flow. Additionally, chartists can look for crosses above or below the zero line to identify changes on money flow. | + | Developed by Marc Chaikin, Chaikin Money Flow measures the amount of money flowing into an asset over a specific period. Money Flow Volume forms the basis for the Accumulation Distribution Line. Instead of a cumulative total, Chaikin Money Flow sums Money Flow Volume for a specific look-back period, typically 20 or 21 days. The resulting indicator fluctuates above/below the zero line just like an oscillator. Chartists weigh the balance of buying or selling pressure with the absolute level of Chaikin Money Flow. Additionally, chartists can look for crosses above or below the zero line to identify changes on money flow. |
| ===== Calculation ===== | ===== Calculation ===== | ||
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| - | For more details on the syntax to use for Chaikin Money Flow scans, please see our [[docs>scans:indicators#chaikin_money_flow_cmf|Scanning Indicator Reference]] in the Support Center. | + | For more details on the syntax to use for Chaikin Money Flow scans, please see our [[https://support.stockcharts.com/doku.php?id=scans:indicators#chaikin_money_flow_cmf|Scanning Indicator Reference]] in the Support Center. |
| **Note**: For the purposes of scanning, daily volume data is incomplete during the trading day. When running scans with volume-based indicators like CMF, be sure to base the scan on the "Last Market Close." Examples of other volume-based indicators include Accumulation/Distribution, On Balance Volume, and the PVO. | **Note**: For the purposes of scanning, daily volume data is incomplete during the trading day. When running scans with volume-based indicators like CMF, be sure to base the scan on the "Last Market Close." Examples of other volume-based indicators include Accumulation/Distribution, On Balance Volume, and the PVO. | ||
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| ===== Further Study ===== | ===== Further Study ===== | ||