CMF and Chaikin oscillator??

[drewski1980]

hello. I am planning to use CMF as a confirmation indicator, with value above or below zero as a buy/sell confirmation (along with MACD)

as as I understand it CMF should have a range from 1 to -1? On my chart the range is like 40000 to -1000 on chaikin oscillator and 30 to -20 on CMF. (Looking at EURUSD where I see these values)

Am I missing something here? Also is anyone else using this for a confirmation? Any suggestion on CMF vs Chaikin oscillator?

Thanks!

[NinjaTrader_PaulH]

Hello drewski1980,

Thanks for your post.

If by CMF you mean the Chalking Money Flow indicator, in NinjaTrader7 and NinjaTrader8 this has been limited to +/- 100 rather than using a changing multiplier. Here is the definition from the help guide: The formula for Chaikin Money Flow is the cumulative total of the Accumulation/Distribution Values for 21 periods divided by the cumulative total of volume for 21 periods. Link: https://ninjatrader.com/support/help...money_flow.htm

The Chalkin Oscillator is defined as: "The Chaikin Oscillator is simply the Moving Average Convergence Divergence indicator (MACD) applied to the Accumulation/Distribution Line. The formula is the difference between the 3-day exponential moving average and the 10-day exponential moving average of the Accumulation/Distribution Line. Just as the MACD-Histogram is an indicator to predict moving average crossovers in MACD, the Chaikin Oscillator is an indicator to predict changes in the Accumulation/Distribution Line." Reference: https://ninjatrader.com/support/help...oscillator.htm

We could not offer trading advice regarding the use of CMF or Chalkin Oscillator".