CMF Osc - Chaikin Money Flow Oscillator [UTS]

The well known Chaikin Money Flow Indicator as oscillator version.

General Usage
The indicator runs both above and below zero, made to denote whether an asset is in a bullish (above zero) or bearish (below zero) trend.
It can be used to confirm trends, as well as spot possible trading signals due to divergences.
A benefit of the oscillator version is that it can produce LONG or SHORT signals on zero line cross.

Moving Averages
4 different Moving Averages are available:
  • EMA (Exponential Moving Average)
  • SMA (Simple Moving Average)
  • VWMA (Volume Weighted Moving Average)
  • WMA (Weighted Moving Average)

Visit ubertradingsystems.com or send a direct message for information about indicator access.
Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.


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