OPEN-SOURCE SCRIPT
Chaikin Money Flow with Enhancements
This enhanced version of the Chaikin Money Flow (CMF) indicator is designed to help traders better understand market sentiment by visualizing momentum shifts and trends based on volume-weighted accumulation and distribution.
CMF Calculation: The CMF line is calculated using the typical CMF formula, which compares the close price to the high/low range, weighted by volume.
Fading Color Zones: Green and red fading zones are added between the CMF line and the zero line. Green represents bullish momentum (CMF above zero), and red represents bearish momentum (CMF below zero). These zones highlight key shifts in market sentiment.
Cross Detection: The indicator detects when the CMF crosses above or below the zero line, signaling potential trend changes. The price and CMF values at the time of the cross are stored and can be used for further analysis.
Average Line: A configurable moving average of the CMF is plotted to provide a smoothed trendline, helping traders identify the overall direction of market sentiment.
This indicator is ideal for traders who want to enhance their technical analysis by incorporating volume-weighted momentum indicators and identifying trend reversals more clearly.
CMF Calculation: The CMF line is calculated using the typical CMF formula, which compares the close price to the high/low range, weighted by volume.
Fading Color Zones: Green and red fading zones are added between the CMF line and the zero line. Green represents bullish momentum (CMF above zero), and red represents bearish momentum (CMF below zero). These zones highlight key shifts in market sentiment.
Cross Detection: The indicator detects when the CMF crosses above or below the zero line, signaling potential trend changes. The price and CMF values at the time of the cross are stored and can be used for further analysis.
Average Line: A configurable moving average of the CMF is plotted to provide a smoothed trendline, helping traders identify the overall direction of market sentiment.
This indicator is ideal for traders who want to enhance their technical analysis by incorporating volume-weighted momentum indicators and identifying trend reversals more clearly.
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。
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。