
Here's my modified Chaikin Money Flow. I added some line coloring, smoothing , and signaling abilities. Looking at my screenshot, take a minute and really look at what it's telling us. When it is slope-up and above the zero line, you want to be looking at your other indicators to see if it's leading or lagging. In each case it's telling you something. Look atthe large rectangle in the screenshot. Volume triggered the first signal. Above it, the dpChaikinMF was inclining. but below the zero line. Above it, the dpDPOT (Detrended Price Oscillator with Twiggs component) has triggered a signal. Above that, the dpDPO, a tad more 'reserved' than the DPOT, has also triggered. And we finally see the dpMAMA show a signal. Volume, moneyflow, trend analysis, and price action are all in agreement. Looks like a simple set-up, right? Add whatever indicators you currently use (if any) and see if this version of the Chaikin Money Flow is a benefit. As I always say, if you don't find it helpful, get it off your chart. No ego here! Please leave feedback if you think of any ways to improve it. Thanks. Dave P.
Category NinjaTrader 8 Indicators and More
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