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Enhanced Chaikin Money Flow
Enhanced Chaikin Money Flow (CMF) with Normalized Distribution
The Enhanced Chaikin Money Flow (CMF) is a sophisticated version of Marc Chaikin's classic volume-weighted indicator that measures buying and selling pressure. This version incorporates statistical normalization and advanced smoothing techniques to provide more reliable signals.
Key Features
Normalized distribution (z-score) for better historical comparison
Multiple smoothing options (SMA, EMA, WMA, RMA) for noise reduction
Standard deviation bands (1σ and 2σ) to identify extreme readings
Adjustable parameters for customization
Alert system for extreme readings
Interpretation
Values represent standard deviations from the mean
Above 0: Indicates net buying pressure
Below 0: Indicates net selling pressure
Outside ±2σ bands: Suggests extreme market conditions
Crossovers of standard deviation bands may signal potential reversals
Technical Details
The indicator combines volume with price location within a bar to determine buying/selling pressure, then normalizes these values using a rolling z-score calculation. This normalization allows for better historical comparison and more reliable overbought/oversold signals.
Best used in conjunction with price action and other indicators for confirmation of potential market turns or trend strength.
The Enhanced Chaikin Money Flow (CMF) is a sophisticated version of Marc Chaikin's classic volume-weighted indicator that measures buying and selling pressure. This version incorporates statistical normalization and advanced smoothing techniques to provide more reliable signals.
Key Features
Normalized distribution (z-score) for better historical comparison
Multiple smoothing options (SMA, EMA, WMA, RMA) for noise reduction
Standard deviation bands (1σ and 2σ) to identify extreme readings
Adjustable parameters for customization
Alert system for extreme readings
Interpretation
Values represent standard deviations from the mean
Above 0: Indicates net buying pressure
Below 0: Indicates net selling pressure
Outside ±2σ bands: Suggests extreme market conditions
Crossovers of standard deviation bands may signal potential reversals
Technical Details
The indicator combines volume with price location within a bar to determine buying/selling pressure, then normalizes these values using a rolling z-score calculation. This normalization allows for better historical comparison and more reliable overbought/oversold signals.
Best used in conjunction with price action and other indicators for confirmation of potential market turns or trend strength.
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開源腳本
本著TradingView的真正精神，此腳本的創建者將其開源，以便交易者可以查看和驗證其功能。向作者致敬！雖然您可以免費使用它，但請記住，重新發佈程式碼必須遵守我們的網站規則。
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。