Charts

Chaikin Money Flow (CMF)

Description

The Chaikin Money Flow, developed by Marc Chaikin, attempts to determine buying and selling pressure by comparing the closing price in relation to the bar range (High - Low) and volume.

Formula

\[CMF = \frac{\sum_{1}^{n} Money\;Flow\;Volume}{\sum_{1}^{n} Volume}\]

where:

\[Money\;Flow\;Volume = Money\;Flow\;Multiplier_{n} \times Volume_{n}\]

\[Money\;Flow\;Multipler = \frac{\left ( (Close_{n}-Low_{n}) - (High_{n} - Close_{n}) \right )}{(High_{n}-Low_{n})}\]