### Unveiling Chaikin Money Flow

The Chaikin Money Flow (CMF) acts as an oscillator with values swinging between -1 and +1. It provides insights into the buying or selling momentum of a security over a chosen lookback period. While you can choose any lookback duration, 20 or 21 periods are commonly selected. Esteemed technical analyst Marc Chaikin created this indicator. It shines in measuring a specified period’s money flow volume, thanks to the blend of money flow and volume in a single indicator, garnering favor among technical analysts.

### Decoding CMF Calculation and Interpretation

Let’s break down the steps to calculate Chaikin Money Flow for any financial asset:

1. Derive the Money Flow Multiplier for each candle using the formula below:

Money Flow Multiplier = [(Close – Low) – (High – Close)] /(High – Low)

2. Compute the Money Flow Volume

Money Flow Volume = Money Flow Multiplier x Volume

3. Crunch the CMF for ‘n’ period using the formula below:

n Period CMF = n Period Sum of Money Flow Volume / n Period Sum of Volume

The usual choices for n are 20 and 21

Chaikin Money Flow values dance between -1 and +1. A positive shift or a leap from negative to positive is bullish. Conversely, a negative value or a slide from positive to negative is bearish.

This Excel sheet takes on the task of automating all the above calculation and interpretation steps.

### A Glimpse into Chaikin Money Flow Excel Sheet

Presenting an automated macro-enabled spreadsheet that deduces the CMF value and Buy/Sell signals for the entered symbol. It also autonomously tallies the profit/loss points based on these signals, requiring no manual input from you.

Take a gander at the screenshots below:

### Guidelines on Using this Excel Sheet

Step 1: Snag the Excel file from the end of this post.

Step 2: Pop open this Excel file, ensuring your internet connection is active. Kindly permit if asked to enable Macros and Data connections.

Step 3: Fill in the Symbol Name, Exchange Name, Interval, Number of Days, and Lookback Period

Step 4: Press the Get Data button. Data will roll in automatically, and CMF values will get computed. You can fetch data for a max of 15 days with a minimum interval of 1 minute.

Step 5: Peek at the Signal column for Buy/Sell cues

Step 6: Check the Total Profit section to gauge the overall profit/loss for the desired period.