Chaikin Money Flow
Chaikin Money Flow compares total volume over the last n time periods
to total volume times the Close Location Value (CLV) over the last n
time periods. Developed by Marc Chaikin.
CMF(HLC, volume, n = 20)
HLC |
Object that is coercible to xts or matrix and contains High-Low-Close prices. |
volume |
Vector or matrix of volume observations corresponding to the
|
n |
Number of periods to use. |
Chaikin Money Flow is calculated by taking dividing the sum of the Chaikin
Accumulation / Distribution line over the past n periods by the sum of
volume over the past n periods.
A object of the same class as HLC and volume or a
vector (if try.xts fails) containing the Chaikin Money Flow values.
When Chaikin Money Flow is above/below +/- 0.25 it is a bullish/bearish signal. If Chaikin Money Flow remains below zero while the price is rising, it indicates a probable reversal.
Joshua Ulrich
The following site(s) were used to code/document this
indicator:
https://www.fmlabs.com/reference/ChaikinMoneyFlow.htm
https://www.linnsoft.com/techind/chaikin-money-flow-cmf
https://school.stockcharts.com/doku.php?id=technical_indicators:chaikin_money_flow_cmf
data(ttrc)
cmf <- CMF(ttrc[,c("High","Low","Close")], ttrc[,"Volume"])Please choose more modern alternatives, such as Google Chrome or Mozilla Firefox.