OPEN-SOURCE SCRIPT
Chaikin Money Flow with Shaded Backgound
This script is a modernized version of Chaikin Money Flow with time‑horizon presets, Histogram Mode, and Regime Background Shading.
Preset Modes
These presets are designed to maintain **consistent time‑horizon behavior** across different chart timeframes.
Note: When using Histogram Mode, switch the Histogram Type input between CMF‑SMA and CMF Change depending on the style you want.
This provides a clean, structural read of market pressure without cluttering the chart.
Preset Modes
- Daily – Standard (20): Classic CMF(20), ideal for swing trading.
- **Weekly – Short (5): Time‑scaled equivalent of CMF(20) for weekly charts.
- Monthly – Smooth (10): Long‑cycle accumulation/distribution smoothing.
- Manual: Full control over CMF length.
These presets are designed to maintain **consistent time‑horizon behavior** across different chart timeframes.
- Line: Traditional CMF line.
- Histogram: Momentum‑style histogram.
- Hybrid: Line + histogram.
- CMF‑SMA Mode: Histogram shows CMF minus its SMA.
- CMF Change Mode: Histogram shows bar‑to‑bar CMF acceleration.
Note: When using Histogram Mode, switch the Histogram Type input between CMF‑SMA and CMF Change depending on the style you want.
- Green: CMF > 0 (Accumulation)
- Red: CMF < 0 (Distribution)
This provides a clean, structural read of market pressure without cluttering the chart.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.