The indicator oscillates above/below the zero line. Chartists can also look for crosses above or below the zero line to identify changes on moneyflow.Ĭhaikin Money Flow can be used to define a general buying or selling bias simply with positive or negative values. Chartists weigh the balance of buying or selling pressure with the absolute level of Chaikin Money Flow. The resulting indicator fluctuates above/below thezero line just like an oscillator. Instead of a cumulative total of Money Flow Volume, Chaikin Money Flow simply sums Money Flow Volume for a specific look-back period,typically 20 or 21 days. Money Flow Volume forms the basis for the Accumulation Distribution Line. Length The number of bars used to calculate the Chaikin Money Flow.ĭeveloped by Marc Chaikin, Chaikin Money Flow measures the amount of Money Flow Volume over a specific period. It is considered a bullish signal, when the Chaikin Money Flow value is greater than zero, whereas bearish signals are indicated by negative values of the oscillator. The Chaikin Money Flow oscillator is calculated by default as a cumulative total of theAccumulation/Distribution Values divided by the total volume for the same period. Chaikin Money Flow Indicator for ThinkorSwim TOS Script
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