Chaikin Money Flow Indicator (MT4)

Chaikin Money Flow is a free mt4 (Metatrader 4) indicator that can be categorized as a shorter-term trend following oscillator.

The indicator gets displayed in a separate MT4 chart window as a red oscillator signal line.

Key Points:

The trend is bullish when the Chaikin Money Flow red signal line is trading above the 0.00 level.
The trend is bearish when the Chaikin Money Flow red signal line is trading below the 0.00 level.

Free Download:

Indicator Example Chart (EUR/USD H1)

The example chart below displays the Chaikin Money Flow mt4 indicator in action on the trading chart.

Tips:

Feel free to deploy your own favorite trade entry, stop loss and take profit method to trade with the Chaikin Money Flow Forex indicator.

As always, trade in agreement with the overall trend and practice on a demo account first until you fully understand this indicator.

Please note that even the best trading indicator cannot yield a 100% win rate over long periods.

Indicator Specifications & Inputs:

Trading Platform: Developed for Metatrader 4 (MT4)

Currency pairs: Works for any pair

Time frames: Works for any time frame

Trade Style: Works for scalping, day trading and swing trading

Input Parameters: Variable (inputs tab), color settings & style

Indicator type: Trend

Does the indicator repaint? No.

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How to install this indicator on Metatrader 4?

Open the Metatrader 4 platform

From the top menu, click on “File”

Then click on “Open Data Folder”

Then double click with your mouse button on “MQL4”

Now double click on “Indicators”

Paste the chaikin-money-flow-indicator.mq4 indicator in the Indicators folder.

Finally restart the MT4 platform and attach the indicator to any chart.

How to remove the indicator?

Click with your right mouse button in the chart with the indicator attached onto it.

Select “Indicator List” from the drop down menu.

Select the indicator and press delete.

How to edit the indicator’s inputs and parameters?

Right click with your mouse button in the chart with the indicator attached onto it.

From the drop down menu, click on indicators list.

Select the indicator from the list and press edit.

Now you can edit the indicator.

Finally, press the OK button to save the updated configuration.