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

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

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

Chaikin Money Flow Technical Analysis and Money Flow Forex Trading 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.

Forex Chaikin Money Flow Expert Advisor 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.

Technical Analysis and Generating Signals

Buy 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 upward trending market.

Buy Signal - Forex Chaikin Money Flow Expert Advisor 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 - Forex Chaikin Money Flow Expert Advisor Setup