Chaikin Money Flow

[sigbnalrp2]

Hello,

I am trying to create the Chaikin Money Flow Percent Oscillator. It is not the Chaikin oscillator which is the MACD of Accumulation/Distribution indicator.


Below is the standard Accumulation/Distribution formula and I need help with the last line of code ( CMF = (90 day SUM OF dSum / 90 DAY SUM OF dvolume)

The CMF is a 90 sum of the Accumulation Distribution/ 90 day sum of the instruments volume.

Can some help?


function preMain() {
setStudyTitle("Accumulation/Distribution");
setCursorLabelName("AccDist");

}

// these variables stay "alive" between calls to main()
var dLastSum = 0.0;
var dSum = 0.0;

function main() {
var nBarState = getBarState();

if(nBarState == BARSTATE_ALLBARS) {
dLastSum = 0.0;
dSum = 0.0;
}

var dClose = close(0);
var dLow = low(0);
var dHigh = high(0);
var dVolume = volume(0);

if(dClose == null || dLow == null || dHigh == null || dVolume == null) {
return;
}

// if a new bar is about to be built, remember
// the last sum (OBV is an accumulative indicator)
if(nBarState == BARSTATE_NEWBAR) {
dLastSum = dSum;
}

// restore sum to previous value.
dSum = dLastSum;

if( (dClose == dLow && dClose == dHigh) || dHigh == dLow) {
// do nothing
} else {
dSum += (((dClose-dLow)-(dHigh-dClose))/(dHigh-dLow))*dVolume;
}
} else {
CMF = (90 day SUM OF dSum / 90 DAY SUM OF dvolume;
}

[ACM]

signalrp1
Do a search for the keywords “chaikin money flow” and you will find the formula as this has already been done
Alex

Hello,

I am trying to create the Chaikin Money Flow Percent Oscillator. It is not the Chaikin oscillator which is the MACD of Accumulation/Distribution indicator.


Below is the standard Accumulation/Distribution formula and I need help with the last line of code ( CMF = (90 day SUM OF dSum / 90 DAY SUM OF dvolume)

The CMF is a 90 sum of the Accumulation Distribution/ 90 day sum of the instruments volume.

Can some help?


function preMain() {
setStudyTitle("Accumulation/Distribution");
setCursorLabelName("AccDist");

}

// these variables stay "alive" between calls to main()
var dLastSum = 0.0;
var dSum = 0.0;

function main() {
var nBarState = getBarState();

if(nBarState == BARSTATE_ALLBARS) {
dLastSum = 0.0;
dSum = 0.0;
}

var dClose = close(0);
var dLow = low(0);
var dHigh = high(0);
var dVolume = volume(0);

if(dClose == null || dLow == null || dHigh == null || dVolume == null) {
return;
}

// if a new bar is about to be built, remember
// the last sum (OBV is an accumulative indicator)
if(nBarState == BARSTATE_NEWBAR) {
dLastSum = dSum;
}

// restore sum to previous value.
dSum = dLastSum;

if( (dClose == dLow && dClose == dHigh) || dHigh == dLow) {
// do nothing
} else {
dSum += (((dClose-dLow)-(dHigh-dClose))/(dHigh-dLow))*dVolume;
}
} else {
CMF = (90 day SUM OF dSum / 90 DAY SUM OF dvolume;
}

[sigbnalrp2]

signalrp1
Do a search for the keywords “chaikin money flow” and you will find the formula as this has already been done
Alex

Hi Alexis,

The work that has been done is on the Chaikin Oscillator which is a MACD of the Accumulation/Distribution.

This is not what we are looking for.

We are looking for the Chaikin Money Flow Percent Oscillator which is a spread Oscillator based off the Accumulation/Distribution. the equation is below from Stock charts .com. We want to make it a 90 day instead of a 20 day.

1. Money Flow Multiplier = [(Close - Low) - (High - Close)] /(High - Low)

2. Money Flow Volume = Money Flow Multiplier x Volume for the Period

3. 20-period CMF = 20-period Sum of Money Flow Volume / 20 period Sum of Volume



If this has already been done that please show me because I've already looked.

Thanks.

[ACM]

signalrp1
FYI I am well aware of the difference between the two and as I said in my previous reply the formula has already been done.
Review the results of the following search for the keywords "chaikin money flow" [image enclosed below illustrates how to set up the same search in case the link is not working]

http://forum.esignal.com/search.php?query=chaikin+money+flow&titleonly=0&searchdate=0&beforeafter=after&contenttypeid=1&sortby=dateline&order=descending&sortorder=descending&saveprefs=1&searchfromtype=vBForum%3APost&showposts=1&starteronly=0&searchthreadid=0&forumchoice[]=22&childforums=1&replyless=0&replylimit=0&type[]=1

Alex

Hi Alexis,

The work that has been done is on the Chaikin Oscillator which is a MACD of the Accumulation/Distribution.

This is not what we are looking for.

We are looking for the Chaikin Money Flow Percent Oscillator which is a spread Oscillator based off the Accumulation/Distribution. the equation is below from Stock charts .com. We want to make it a 90 day instead of a 20 day.

1. Money Flow Multiplier = [(Close - Low) - (High - Close)] /(High - Low)

2. Money Flow Volume = Money Flow Multiplier x Volume for the Period

3. 20-period CMF = 20-period Sum of Money Flow Volume / 20 period Sum of Volume



If this has already been done that please show me because I've already looked.

Thanks.