Chaikin Money Flow (CMF)

Category: volume, momentum

CMF measures the amount of Money Flow Volume over a specific period, quantifying buying and selling pressure based on where the close falls within the high-low range.

Formula

MFM = ((Close - Low) - (High - Close)) / (High - Low) \\\\ MFV = MFM \times Volume \\\\ CMF = \frac{\sum_{i=0}^{n} MFV_i}{\sum_{i=0}^{n} Volume_i}

Inputs

• Length (default: 20)

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