Zero Lag Money Flow [jwammo12] — Indicator by jwammo12

This indicator adds Zero Lag principles to a modified Chaikin Money Flow.

This is essentially the Chaikin Money Flow indicator that uses true range to remove the issues that arise from gaps that the original CMF algorithm had. Then, momentum is used to remove lag from the indicator.

The Lag parameter is the lookback used for the momentum component

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

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