Extra indicators
CMF: Chaikin Money Flow
The balance of buying and selling pressure over the last 20 candles, between −1 and +1.
La idea en pocas palabras
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.
Cómo se calcula
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)Cómo usarlo
- Above zero: buying pressure; below zero: selling pressure.
- Readings above +0.1 or below −0.1 for a while confirm a trend.
Sacar conclusiones
- Divergences with price warn of weakening trends.
Ejemplo
A stock breaks out while CMF rises to +0.25: the breakout is backed by buying.
Los precios de los ejemplos son ilustrativos.
Ten cuidado con
- 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.
Un poco de historia
Marc Chaikin.
Solo contenido educativo. Ningún indicador ni patrón predice el futuro, y nada de lo aquí expuesto es asesoramiento de inversión.