Chaikin Money Flow EA Setup - Setting Up Chaikin Money Flow Expert Advisor

Chaikin Money Flow EA Setup - Setting Up Chaikin Money Flow EA - A trader can come up with an Chaikin Money Flow EA based on the awesome indicator explained below.

Chaikin Money Flow EA rules can be combined with other Forex technical indicators to come up with other Expert Advisor Forex Robots that trade using rules based on two or more indicators combined to form a trading system.

Chaikin Money Flow Forex Trading Technical Analysis & Money Flow Signals

Developed by Marc Chaikin

This an oscillator which measure the Accumulation/distribution of money that is flowing into and out of a currency pair.

The indicator is based on the fact that the nearer the closing price is to the high of the price, the more the accumulation of the currency pair.

Also the nearer the closing price is to the low of the price, the more the distribution of the currency pair.

Chaikin Money Flow EA Setup

Chaikin Money Flow will be positive if price consistently closes above the bar's midpoint with increasing volume.

However, if price consistently closes below the bar's midpoint with increasing volume the indicator will be negative.

Forex Trading Technical Analysis & How to Generate Signals

Buy Trading Signal

A crossover of above zero signifies accumulation of a currency pair. A value of above +10 is a buy/bullish signal. Values above +20 signify a strong upwards trending market.

Buy Signal - Chaikin Money Flow EA Setup

Sell Signal

A Zero line cross of below zero signifies distribution of a currency pair. A value of below -10 is a short/sell signal. Values below -20 signify a strong downward trending market.

Sell Signal - Chaikin Money Flow EA Setup