The chaikin money flow (CMF) was developed by Marc Chaikin and attempts to determine if a stock is under accumulation or distribution by comparing the closing price to the high-low range of the trading session. Developed by Marc Chaikin, the Chaikin Money Flow indicator (CMF) is calculated by summing Accumulation Distribution over the given period and then dividing by the sum of volume over the given period. A period of 21 is recommended.
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