Developed by Marc chaikin, the Chaikin formula attempts to determine if a stock is under accumulation or distribution by comparing the closing price to the high-low range of the trading session. In other words, if the stock closes near the high of the session with increased volume, the CMF increases in value. Alternatively, if the stock closes near the low of the session with … [Read more...]
Chaikin Money Flow : The Concept
Developed by Marc chaikin, The Chaikin Money Flow (CMF) indicator was created as an oscillating indicator for his earlier, cumulative indicator Accumulation/Distribution. Both indicators are used to measure the degree to which money is flowing into or out of a security or currency. Chaikin created these indicators so as to expand and improve on an earlier volume indicator, On … [Read more...]