Crabs Multi-Timeframe Chaikin Money Flow

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This indicator uses the classic Chaikin Money Flow formula, which consists of two main components:

Money Flow Multiplier: This determines whether money is flowing into or out of an asset during a period.
Money Flow Volume: This is the volume weighted by the multiplier.

This indicator adds to the basic CMF by using calculations for separate timeframes (1W, 1D, 4H, 1H). It will average the selected timeframes to create a composite line as well as a composite moving average. The indicator is completely customizable for colors/shading and will display a background shading change (when selected) indicating a change in direction of CMF. Each timeframe is selectable to display or not as desired - this will change the overall map of the CMF and the composites.

The indicator also ads user defined smoothing factors to reduce potential false signals.

A scaling feature is included which will allow for a very detailed numerical scale for the plot. If used in conjunction with the optional user defined upper and lower level lines, this can assist traders in identifying deeply overbought or oversold areas. These lines can also be selected to trigger alerts when hit.

It is also possible to use this indicator with traditional bullish/bearish divergence similar to how some might interpret the same with other popular indicators such as rsi/macd, etc.

This indicator can be used on larger timeframes to help identify possible swings and is a robust tool for visualization of potentially large market moves.

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Phát hành các Ghi chú

Update to include ability to lock indicator to preset timeframe