Welcome to the chaikin money flow indicator (CMF). The CMF indicator is a famous tool for trading Forex using meta trader 4. this tool was introduced to the finance industry by Marc Chaikin. It’s purpose is to measure money flow volume over a certain period of time.
CMF indicator is fairly easy to use, and any trader who wishes to measure money flow volume can use this tool. the first step is to install it on your meta trader 4 platform.
CMF Indicator Screen Shot in MT4 patform
As visible on the screen shot CMF values fluctuate between -1 and 1, Marc Chaikin believed that pressure between sellers and buyers could be determined by where a period closes in relation to its high/low range. watch he video below to learn how this indicator works.
Chaikin Money Flow Features
- Easy to use
- manual indicator
- works on all markets and time frames
- easy to install
CMF is a powerful tool that gives market analyst another view on Chaikin theories about money flow and volume. It would be wise to use this tool in conjunction with other indicators for generating profitable signals.