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//
// Formula Name: Chaikin Money Flow
// Author/Uploader: Tomasz Janeczko
// E-mail: tj@amibroker.com
// Date/Time Added: 2001-06-16 08:07:10
// Origin: Originally developed by Marc Chaikin
// Keywords: accumulation,distribution,trend
// Level: basic
// Flags: indicator
// Formula URL: http://www.amibroker.com/library/formula.php?id=6
// Details URL: http://www.amibroker.com/library/detail.php?id=6
//
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//
// Chaikin Money Flow Indicator Appeared in the January 94 issue of Stocks
// & Commodities magazine Like the popular Chaikin A/D Oscillator
// developed by Marc Chaikin, the Chaikin Money Flow indicator is based on the
// Accumulation/Distribution line. It is created by summing the values of the
// Accumulation/Distribution Line for 21 periods and then dividing by a 21
// period sum of the volume. The interpretation of the Chaikin Money Flow
// indicator is based on the assumption that market strength is usually
// accompanied by prices closing in the upper half of their daily range with
// increasing volume. Likewise, market weakness is usually accompanied by
// prices closing in the lower half of their daily range with increasing
// volume. If prices consistently close in the upper half of their daily
// high/low range on increased volume, then the indicator will be positive
// (i.e., above the zero line). This indicates that the market is strong.
// Conversely, if prices consistently close in the lower half of their daily
// high/low range on increased volume, then the indicator will be negative
// (i.e., below the zero line). This indicates that the market is weak. The
// Chaikin Money Flow indicator provides excellent confirmation signals of
// trendline and support/resistance breakouts. For example, if a security's
// prices have recently penetrated a downward sloping trendline (signaling a
// potential trend reversal), you may want to wait for further confirmation by
// allowing the Chaikin Money Flow indicator to cross above the zero line.
// This may indicate an overall shift from a downtrend to a new uptrend. A
// divergence between the Chaikin Money Flow indicator and prices are also
// significant. For example, if the most recent peak of the indicator is lower
// than it's prior peak, yet prices are continuing upward, this may indicate
// weakness.
//
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/*
Chaikin Money Flow Indicator

*/

Graph0 = sum(((( C-L )-( H-C )) / ( H-L ))*V, 21 ) / sum(V,21);