Ninorigo

Chaikin Money Flow Indicator

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Chaikin Money Flow ( CMF ) measures the amount of Money Flow Volume over a specific period, typically 20 or 21 days. The resulting indicator fluctuates above/below the zero line just like an oscillator.

Chaikin Money Flow sometimes only briefly crosses the zero line with a move that turns the indicator barely positive or negative. There is no follow-through and this zero line cross ends up becoming a whipsaw (bad signal).
To avoid the false positives, this implementation of the CMF two thresholds: the bullish threshold a little above zero (+0. 05 ) and the bearish threshold a little below zero (-0. 05 ).

Note: the two thresholds can be customized.


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