CMF {TTR}R Documentation

Chaikin Money Flow

Description

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.

Usage

  CMF(HLC, volume, n = 20)

Arguments

HLC Object able to be coerced to a matrix, which contains High-Low-Close prices.
volume Vector or matrix of volume observations corresponding to the HLC object.
n Number of periods to use.

Details

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.

Value

A vector containing the Chaikin Money Flow values.

Note

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.

Author(s)

Josh Ulrich

References

The following site(s) were used to code/document this indicator:
http://www.fmlabs.com/reference/ChaikinMoneyFlow.htm
http://www.linnsoft.com/tour/techind/cmf.htm
http://stockcharts.com/education/IndicatorAnalysis/indic_ChaikinMoneyFlow1.html

See Also

See CLV, and chaikinAD.

Examples

  data(ttrc)
  cmf <- CMF(ttrc[,c("High","Low","Close")], ttrc[,"Volume"])

[Package TTR version 0.14-0 Index]