What is the Chaikin Money Flow Indicator for MT4?

The Chaikin Money Flow Indicator (CMFI) is a technical indicator to identify whether a stock or commodity is overbought or oversold. The CMFI consists of two moving averages: the 10-day exponential moving average (EMA10) and the 50-day simple moving average (SMA50).

Chaikin Money Flow Indicator

Download the Free Chaikin Money Flow Indicator

When the EMA10 crosses above the SMA50, this indicates that investors are buying stocks, while when it crosses below the SMI50, this suggests that they’re selling them. This information can then be used to make informed trading decisions.

How to use the Chaikin Money Flow Indicator for MT4?

Chaikin Money Flow Indicator (CMI) is a technical indicator that helps traders assess the buying and selling pressures within the foreign exchange market. The CMI can be used for both Fundamental and Technical analysis.

To use it on the MT4 platform, you should first download the Chaikin Money Flow Indicator plug-in from your account’s “Indicators” tab. After that, open the plug-in and click on the “Settings” button to configure its settings. In this section, you need to specify your targets (upper or lower boundaries), indicators chart timeframe (1 day, one week, six months, or all time), as well as whether ascending or descending candle type is more appropriate for your needs:

Once you’re done with setting up parameters, hit the “Trader Tools” buttons at the top right of the indicator window and select CMI from the available list:

Then start trading with regular price bar charts!

Chaikin Money Flow Indicator MT4 trading settings

Forex Chaikin Money Flow Indicator (Chaikin) is a technical analysis indicator that uses the relative price changes of stocks to measure over- and undervalued markets. Harry Dent created it in 1978, and it has since become one of the most popular technical indicators for stock traders.

Here are some recommended settings for using Forex Chaikin Money Flow Indicator on the MT4 trading platform:

1. inputs: 200;

2. outputs: 1;

3. average values mode: off; 4. line style: dashed; 5. color intensity: medium.

Chaikin Money Flow Indicator Advantages

Some of the advantages of using Chaikin Money Flow include the following:

-It provides an early warning system for potential market weakness. When the indicators signal a possible trend change, traders can take appropriate actions before prices move significantly higher or lower.

-It helps traders manage risk by indicating when they may be overextended in their positions. By understanding where prices have been and how they’ve moved recently, you can make better trade decisions with less fear of losing money overall.

-It offers improved accuracy compared to other technical analysis tools because it relies on historical data rather than projections or guesses about future trends. As a result, Chaikin Money Flow is more likely to yield accurate results during volatile market conditions.

Chaikin Money Flow Indicator Disadvantages

Forex Chaikin Money Flow Indicator (CMFI) is a technical indicator that measures the difference between two moving averages. CMFI aims to identify when an asset’s price is about to enter or exit a range. However, you should be aware of some disadvantages of using CMFI.

1) CMFI can be unreliable in volatile markets. The indicator may not provide accurate signals when prices move rapidly and erratically.

2) It can also lead to over-investment or under-investment in assets based on its signals. If you’re trading blindly based on CMFIs signals, you could lose money if the market moves against you.”

CMF Indicator installation on MT4

To install the Chaikin Money Flow (CMF) indicator on the MetaTrader 4 (MT4) platform, you will need to follow these steps:

  1. Download the indicator file in .ex4 format from a reputable source.
  2. Open the MT4 platform and go to the “Navigator” window.
  3. In the Navigator window, click on the “Expert Advisors” tab and the “Browse…” button.
  4. Locate the indicator file on your computer and double-click to install it.
  5. The indicator should now be available in the “Navigator” window under the “Custom Indicators” tab.
  6. Drag and drop the needle onto a chart to use it.

It’s always a good idea to test the indicator on historical data before using it on live markets and to read the documentation provided by the developer to understand how to properly use and interpret the signals provided by the indicator.

It’s also important to note that using an indicator alone is not a guarantee of success in trading. An indicator like CMF is a momentum indicator; it’s recommended to use it as part of a broader trading strategy that considers other factors such as risk management, market analysis, and other indicators.

Chaikin Money Flow Indicator mt4

Chaikin Money Flow Indicator mt4 free download


The Chaikin Money Flow (CMF) indicator can provide valuable signals to help you make better investment decisions. However, it is essential to understand the risks associated with this indicator and use it in conjunction with other tools for a more comprehensive trading strategy.

Author: Dominic Walsh

I am a highly regarded trader, author & coach with over 16 years of experience trading financial markets. Today I am recognized by many as a forex strategy developer. After starting blogging in 2014, I became one of the world's most widely followed forex trading coaches, with a monthly readership of more than 40,000 traders! Make sure to follow me on social media: Instagram | Facebook | Linkedin | Youtube| Twitter | Pinterest | Medium | Telegram Channel | Quora | Reddit

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