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Hi nwsun,

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Cush Member Level  Saturday, 09/30/17 12:25:12 PM
Re: nwsun post# 7213
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Hi nwsun,

Disclaimers first: I don't trade on the OTC market. I don't often look at or trade anything under a buck, and when I do I am very suspicious of chart indicators that can be influenced by daily dollar volumes that might be under ten thousand bucks. Also; I know no more than any other fool. I am not a professional trader, nor a professional stock trade adviser.

I use the CMF on all of my charts as one of my indicators. I don't make decisions based on CMF exclusively, but I do find it useful when used in conjunction with other indicators I use.

You've probably looked at the Chartschool article on CMF at StockCharts. The first of the three steps in calculating CMF is probably the most relevant one in this case.

1. Money Flow Multiplier = [(Close - Low) - (High - Close)] /(High - Low)

Looking at the chart ( I am using the Elder Impulse System but Candlesticks will do as well) you can see that, despite a falling price, on many days the Close was well above the Low, while the Close was often near the High of the day.

That might suggest that buyers stepped in on many days to bring the Close well above the Low. That might suggest interest.

As long as you see that pattern, the CMF calculation stays positive. Usually a good sign. Perhaps these past few days since your post confirmed that.

Hope you were holding some. Good luck with it.


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