Knowledgebase:
ChaikinMoneyFlow
Posted by Mohammad Rahhal, Last modified by Rawan Al Hourani on 19 June 2016 10:26 AM

Syntax

Public Function ChaikinMoneyFlow(chart_ID As Long, volumeVal As ENUM_VOLUME_METHOD,period As Integer) As String

The Chaikin Money Flow oscillator is a momentum indicator that stops buying and selling by calculating price and volume together.

This indicator is based upon Chaikin Accumulation/Distribution, which is in turn based upon the premise that if a stock closes above its midpoint [(high+low)/2] for the day then there was accumulation that day, and if it closes below its midpoint, then there was distribution that day.

Parameters

Key Description 
chart_ID Chart identifier, 0 is the current chart ,value of type Long
volumeVal volume type for calculation, can be one of the  ENUM_VOLUME_METHOD.
period The calculation period, on which the indicator will be calculated, value of type Integer.


Return value

Returns the handles of a technical indicator, in case of failure returns an empty string.

Sample

Public Sub main()

AlertMessage (chaikinMoneyFlow(0,volume_low,14))

'Draws the indicator on chart and shows a message box with the indicator name.

End Sub


See Also


Back to VTL Client Script Index

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