Extra indicators
CMF: Chaikin Money Flow
The balance of buying and selling pressure over the last 20 candles, between −1 and +1.
Die Idee in einfachen Worten
Like the A/D line, it weighs volume by where each candle closed in its range, but over a fixed window, so it is easy to compare over time.
So wird gerechnet
Sum of (close location × volume) divided by sum of volume over 20 candles.
CMF = Σ(close location × volume) ÷ Σ volume over 20, close location = ((close − low) − (high − close)) ÷ (high − low)Anwendung
- Above zero: buying pressure; below zero: selling pressure.
- Readings above +0.1 or below −0.1 for a while confirm a trend.
Schlüsse ziehen
- Divergences with price warn of weakening trends.
Beispiel
A stock breaks out while CMF rises to +0.25: the breakout is backed by buying.
Kurse in Beispielen dienen der Veranschaulichung.
Worauf man achten sollte
- On currencies, metals and CFDs there is no central exchange volume. The chart uses "tick volume", the number of price changes in each candle, which follows real activity closely but is not the number of contracts traded.
Ein wenig Geschichte
Marc Chaikin.
Nur Bildungsinhalte. Kein Indikator und kein Muster sagt die Zukunft voraus, und nichts hier ist eine Anlageberatung.