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Chaikin Money FlowLike 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 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. The Chaikin Money Flow indicator provides excellent confirmation signals of trendline and support/resistance breakouts. Also significant are a divergence between the Chaikin Money Flow indicator and prices. Syntax:Public Function ChaikinMoneyFlow(ByVal HLOCV()() As Double, ByVal Lag As Long) As Double Parameters:
Example:
Dim TA4Net As New TA4Net.CTAFunctions("YOUR-REGISTRATION-CODE") Dim Result() As Double Dim HLOCV(,) As Double
' loading values to array HLOCV = GetHLOCVValues() ' calculating Technical Analysis function Result = TA4Net.ChaikinMoneyFlow(HLOCV, 14)
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