V. 12:1 (49-49): Traders' Tips by Technical Analysis, Inc.

V. 12:1 (49-49): Traders' Tips by Technical Analysis, Inc.
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TRADERS' TIPS by Technical Analysis, Inc.

METASTOCK 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 formula:...

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 the price. —Allan McNichol, EQUIS International

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