Algorithmic Trading
Indicators
59. ChaikinMoneyFlow-MT5-Ind

59. ChaikinMoneyFlow-MT5-Ind

The Chaikin Money Flow (CMF) is an indicator created by Marc Chaikin in the 1980s to monitor the accumulation and distribution of a stock over a specified period

Abstract

The Chaikin Money Flow (CMF) is a technical analysis tool based on the original Chaikin Money Flow indicator, developed by Marc Chaikin in the 1980s. It is designed to track capital flows into an asset and helps identify buying and selling pressure. This indicator is useful for both intraday trading and medium-term analysis.

How CMF Works

CMF analyzes price action and volume over a given period by calculating the Money Flow Multiplier and averaging it with trade volumes. • If the indicator value is above 0 → it signals buying pressure (money flowing into the asset). • If the indicator value is below 0 → it indicates selling pressure (money flowing out of the asset). • The further from zero, the stronger the trend movement.

The calculation is based on the relationship between the closing price, the price range of the candle, and the volume, making the indicator sensitive to shifts in supply and demand.

Layout

How to Use CMF in Trading?

  1. Identifying the Trend

    • Positive values confirm an uptrend.
    • Negative values indicate a downtrend.

  2. Divergences

    • If the price rises while CMF falls, it may signal trend weakness and a possible reversal downward.
    • If the price drops while CMF rises, it may indicate a potential upward move.

  3. Confirming Signals from Other Indicators

    Use CMF alongside indicators such as Moving Averages, RSI, and MACD to confirm entry points. For example: - When the price crosses above a moving average and CMF is positive, it may be a strong buy signal. - When RSI indicates overbought conditions and CMF declines, it may suggest a weakening uptrend.

  4. Using the Zero Line

    • Crossing the zero line from below may be a bullish signal.
    • Crossing the zero line from above may be a bearish signal.

!!!info Conclusion CMF is a powerful tool for analyzing capital flow and identifying hidden market trends. Use it to improve your trading strategy and increase entry accuracy!

Installation | Установка

EN: Installation

1. Update MetaTrader 5 Terminal: Ensure that your MetaTrader 5 terminal is updated to the latest version. For testing Expert Advisors, it is recommended to use the latest beta version. To update, go to Help->Check For Updates->Latest Beta Version. If your terminal is outdated, the Expert Advisor may not run, and you will see relevant messages in the Journal tab. 2. Copy Indicator Files: Move the *.ex5 indicator files to the terminal’s data directory MQL5\Indicators. 3. Copy the Expert Advisor File: Move the *.ex5 bot file to MQL5\Experts. 4. Copy the Script File: Move the *.ex5 script file to MQL5\Scripts. 5. Open the Symbol Chart: Open the chart for the desired trading instrument. 6. Attach the Expert Advisor to the Chart: Drag the Expert Advisor from the Navigator window onto the chart. 7. Enable Auto Trading in the Expert Advisor Settings: In the Expert Advisor settings, check Allow Auto Trading. 8. Allow DLL and WebRequests:: If your Expert Advisor uses external DLL and makes network requests, enable the Allow DLLs imports and Allow WebRequests for listed URLs param in the terminal Tools->Options settings. Add the required ones to the list of external network addresses. 9. Activate Auto Trading in the Terminal: Click the Algo Trading button on the main toolbar to enable automated trading. 10. Load the Preset Configuration: Click the Load button and select the appropriate set-file to apply the predefined settings, if provided.

RU: Установка

1. Обновите терминал MetaTrader 5: Убедитесь, что ваш терминал MetaTrader 5 обновлен до последней версии. Для тестирования Expert Advisors рекомендуется использовать последнюю бета-версию. Чтобы обновить, пройдите по ссылке Help->Check For Updates->Latest Beta Version. Если ваш терминал устарел, бот может не работать, и вы увидите соответствующие сообщения в вкладке Journal. 2. Скопируйте файлы индикаторов: Переместить файлы индикаторов *.ex5 в директорию данных терминала MQL5\Indicators. 3. Скопируйте файл советника: Переместите файл *.ex5 бота в MQL5\Experts. 4. Скопируйте файлы скриптов: Переместить файлы скриптов *.ex5 в MQL5\Scripts. 5. Откройте график символа: Откройте график нужного торгового инструмента. 6. Прикрепите эксперта к графику: Перетащите эксперта в окно графика. 7. Включите автоторговлю у советника: В настройках бота выберите пункт Allow Auto Trading. 8. Разрешите DLL и WebRequests: Если ваш эксперт использует внешние DLL и выполняет сетевые запросы, то в настройках терминала Tools->Options включите настройки Allow DLLs imports и Allow WebRequests for listed URL. В список внешних сетевых адресов добавьте нужные. 9. Включите автоторговлю в терминале: Нажмите кнопку Algo Trading на главной панели инструментов. 10. Загрузите сеты: Нажмите кнопку Load и выберите соответствующий файл для применения предопределенных параметров, если они предусмотрены.

Build From Source | Компиляция исходников

EN: Build From Source

  1. Start the IDE in MetaTrader 5. Select Tools\Meta Quotes Language Editor in the menu.
  2. Go to the Experts\<Expert's Catalogue> folder.
  3. Open the *.mqproj file.
  4. Select the Build\Compile menu item.
  5. The terminal will compile a new file *.ex5 in the same directory.

RU: Компиляция исходников

  1. Запустите IDE в MetaTrader 5. Выберите в меню Tools\Meta Quotes Language Editor.
  2. Перейдите в папку Experts\<Expert's Catalogue>.
  3. Открыть файл *.mqproj.
  4. Выберите пункт меню Build\Compile.
  5. Терминал будет компилировать новый файл *.ex5 в том же самом каталоге.