Extra indicators
CMF: Chaikin Money Flow
The balance of buying and selling pressure over the last 20 candles, between −1 and +1.
L’idée en termes simples
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.
Mode de calcul
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)Comment l’utiliser
- Above zero: buying pressure; below zero: selling pressure.
- Readings above +0.1 or below −0.1 for a while confirm a trend.
Tirer des conclusions
- Divergences with price warn of weakening trends.
Exemple
A stock breaks out while CMF rises to +0.25: the breakout is backed by buying.
Les prix des exemples sont donnés à titre d’illustration.
Points de vigilance
- 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 peu d’histoire
Marc Chaikin.
Contenu éducatif uniquement. Aucun indicateur ni aucune figure ne prédit l’avenir, et rien ici ne constitue un conseil en investissement.