Chaikin Money Flow (CMF) indicator for Meta Trader5 Download - Free -[TFlab]

The Chaikin Money Flow (CMF) indicator, developed by Marc Chaikin, is a powerful tool for analyzing money flow in financial markets. The CMF indicator oscillates between -1 and +1 and helps identify key changes in money flow.

Based on tradingvolume, it detects price reversal zones and price trend divergences. The CMF MT5 Oscillator is available for the MetaTrader 5 (MT5) platform, with the period option settings defaulted to 20.

Indicator Table

Increase in money flow

In the 1-hour EUR/USD chart, the price moves upward as the money flow increases. During this time, the Chaikin Money Flow (CMF) indicator also rises above the zero line with the increase in money flow, indicating the beginning of an upward trend in the market.

Decrease in money flow

In the 1-hour chart (USD/JPY), the price moves downward as the money flow decreases. During this period, the Chaikin Money Flow (CMF) indicator also drops its oscillator below the zero line, indicating the beginning of a bearish trend in the market.

Indicator Setting

• UsedPeriods: Select the period length;
• Volume: Select the volume type.

Summary

When the Chaikin Money Flow (CMF) MetaTrader 5 indicator moves below the zero level, it indicates an oversold condition and increasedsupply, signaling selling pressure.

Conversely, when the CMF indicator moves above the zero level, it is considered abuy signal, reflecting high demand or overbought conditions. This indicator focuses on trading volume, helping traders identify appropriate entry and exit points.