OPEN-SOURCE SCRIPT
stelaraX - Chaikin Money Flow
stelaraX – Chaikin Money Flow
stelaraX – Chaikin Money Flow is a volume-based momentum indicator designed to measure buying and selling pressure over a defined period. By combining price location within the candle and traded volume, it helps identify whether capital is flowing into or out of an asset.
This indicator is part of the stelaraX ecosystem, focused on clean technical analysis and AI-supported chart evaluation
stelarax.com
Core logic
The Chaikin Money Flow (CMF) evaluates where the closing price lies within the high–low range and weights this position by volume. The result is averaged over a user-defined lookback period and normalized by total volume.
Key principles:
* closes near the high contribute positive money flow
* closes near the low contribute negative money flow
* values above zero indicate net buying pressure
* values below zero indicate net selling pressure
* higher absolute values reflect stronger conviction
Readings beyond typical threshold levels suggest sustained accumulation or distribution rather than short-term noise.
Visualization
The script plots:
* the Chaikin Money Flow as a histogram in a separate indicator pane
* green bars when CMF values are positive
* red bars when CMF values are negative
* a zero reference line for directional context
* additional reference levels at +0.05 and −0.05 for pressure strength
This layout makes shifts in capital flow and volume-backed momentum easy to interpret.
Use case
This indicator is intended for:
* identifying accumulation and distribution using volume flow
* confirming trend direction with volume confirmation
* spotting divergences between price and money flow
* filtering false breakouts and weak price moves
* supporting volume-based and smart money concepts
It works particularly well when combined with price structure, trend filters, or AI-assisted chart evaluation.
Disclaimer
This indicator is provided for educational and technical analysis purposes only and does not constitute financial advice or trading recommendations. All trading decisions and risk management remain the responsibility of the user.
stelaraX – Chaikin Money Flow is a volume-based momentum indicator designed to measure buying and selling pressure over a defined period. By combining price location within the candle and traded volume, it helps identify whether capital is flowing into or out of an asset.
This indicator is part of the stelaraX ecosystem, focused on clean technical analysis and AI-supported chart evaluation
stelarax.com
Core logic
The Chaikin Money Flow (CMF) evaluates where the closing price lies within the high–low range and weights this position by volume. The result is averaged over a user-defined lookback period and normalized by total volume.
Key principles:
* closes near the high contribute positive money flow
* closes near the low contribute negative money flow
* values above zero indicate net buying pressure
* values below zero indicate net selling pressure
* higher absolute values reflect stronger conviction
Readings beyond typical threshold levels suggest sustained accumulation or distribution rather than short-term noise.
Visualization
The script plots:
* the Chaikin Money Flow as a histogram in a separate indicator pane
* green bars when CMF values are positive
* red bars when CMF values are negative
* a zero reference line for directional context
* additional reference levels at +0.05 and −0.05 for pressure strength
This layout makes shifts in capital flow and volume-backed momentum easy to interpret.
Use case
This indicator is intended for:
* identifying accumulation and distribution using volume flow
* confirming trend direction with volume confirmation
* spotting divergences between price and money flow
* filtering false breakouts and weak price moves
* supporting volume-based and smart money concepts
It works particularly well when combined with price structure, trend filters, or AI-assisted chart evaluation.
Disclaimer
This indicator is provided for educational and technical analysis purposes only and does not constitute financial advice or trading recommendations. All trading decisions and risk management remain the responsibility of the user.
Open-source Skript
Ganz im Sinne von TradingView hat dieser Autor sein/ihr Script als Open-Source veröffentlicht. Auf diese Weise können nun auch andere Trader das Script rezensieren und die Funktionalität überprüfen. Vielen Dank an den Autor! Sie können das Script kostenlos verwenden, aber eine Wiederveröffentlichung des Codes unterliegt unseren Hausregeln.
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.
Open-source Skript
Ganz im Sinne von TradingView hat dieser Autor sein/ihr Script als Open-Source veröffentlicht. Auf diese Weise können nun auch andere Trader das Script rezensieren und die Funktionalität überprüfen. Vielen Dank an den Autor! Sie können das Script kostenlos verwenden, aber eine Wiederveröffentlichung des Codes unterliegt unseren Hausregeln.
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.