Money Flow Indicator for ThinkorSwim TOS Script – Chaikin

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Summary

• The Chaikin Money Flow oscillator is calculated by default as a cumulative total of theAccumulation/Distribution Values divided by the total volume for the same period.

• It is considered a bullish signal, when the Chaikin Money Flow value is greater than zero, whereas bearish signals are indicated by negative values of the oscillator.

• Input Parameters length The number of bars used to calculate the Chaikin Money Flow.

• Developed by Marc Chaikin, Chaikin Money Flow measures the amount of Money Flow Volume over a specific period.

• Money Flow Volume forms the basis for the Accumulation Distribution Line.