TRADERS' TIPS by Technical Analysis, Inc.
The interview this month, with Marc Chaikin, discussed one of his indicators, called the Chaikin money
flow. To create Chaikin's money flow indicator in MetaStock, simply enter and plot the following custom
Figure 1 shows the 21-day Chaikin money flow plotted below the price chart of COMPAQ (CPQ). Note
how each of the turns in the price of COMPAQ was forewarned by the indicator turning direction before
—Allan McNichol, EQUIS International