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Chaikin Money Flow

Volumedraws in its own pane

The A/D pressure over a rolling window, normalized by its volume — so it oscillates around zero and is comparable across names.

On this chart: 20 periods, bounded roughly ±1.

What it measures

CMF sums the A/D line's money-flow volume over 20 periods and divides by the total volume of the same window. Where the A/D line accumulates forever, CMF is windowed and normalized: it oscillates around zero, bounded near ±1, and a reading on one stock is comparable with a reading on another.

How to read it

Sustained positive CMF means closes keep finishing in the upper parts of their ranges on real volume — persistent buying pressure. The zero line is the fulcrum, and the length of time spent on one side matters more than any single excursion.

Using it on the wheel

CMF holding positive through a sideways base is the normalized version of the accumulation read — and because it is comparable across names, it can rank candidates: two similar setups where one shows persistent positive money flow and the other does not are not the same setup.

Like everything in this guide, these are descriptions of conditions and reference levels — context for your own decisions, not instructions to trade.