Swami Chart - Chaikin Money Flow: Free TradingView Indicator (Pine Script)

Add It to Your TradingView Chart

1Copy the scriptPress Copy script above, or the copy button on the code below.
2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
3Paste over the templateCreate a new indicator, select all of the template text and paste. Press Save and give it a name.
4Add it to the chartPress Add to chart, then adjust the settings with the gear icon next to its name.

Source Code

162 lines of Pine Script v5 from indicator/swami_money_flow.pine, published under MPL-2.0 (file header). Keep the author's credit and licence lines when you reuse it.

swami_money_flow.pine

// This source code is subject to the terms of the Mozilla Public License 2.0 at https://mozilla.org/MPL/2.0/
// © palitoj_endthen

//@version=5
indicator(title= 'Swami Chart - Chaikin Money Flow', shorttitle = 'swami_moneyflow', format = format.price, precision = 2, overlay = false)


// input
show_confirmation = input.bool(defval = false, title = 'Confirmation Level', group = 'Options', tooltip = 'Determines whether to display a confirmation level')


// check volume
vol = volume
var cum_vol = 0.0
cum_vol += nz(vol)

if barstate.islast and cum_vol == 0
    runtime.error('No volume is provided by the data vendor')


// money flow
// @length: input lookback period to compute the money flow
money_flow(_length)=>
    ad = close == high and close == low or high == low ? 0 : ((((close-low)-(high-close))/(high-low))*volume)
    cmf = 0.00
    cmf := math.sum(ad, _length)/math.sum(vol, _length)
    if cmf < -0.5
        cmf := -0.5
    if cmf > 0.5
        cmf := 0.5
    smooth = (4*cmf+3*cmf[1]+2*cmf[2]+cmf[3])/10


// visualize
// color condition
col(x)=>  x < -.5 ? #bb0202 :
          x > -0.5 and x < -0.48 ? #c90101 :
          x > -0.48 and x < -0.44 ? #d50000 :
          x > -0.44 and x < -0.4 ? #f20000 :
          x > -0.4 and x < -0.36 ? #fa0202 :
          x > -0.36 and x < -0.32 ? #ff0606 :
          x > -0.32 and x < -0.28 ? #ff1010 :
          x > -0.28 and x < -0.24 ? #e43600 :
          x > -0.24 and x < -0.2 ? #fc3c02 :
          x > -0.2 and x < -0.16 ? #ff4810 :
          x > -0.16 and x < -0.12 ? #ff5724 :
          x > -0.12 and x < -0.08 ? #ff7627 :
          x > -0.08 and x < -0.04 ? #ff7f35 :
          x > -0.04 and x < 0 ? #ff7a0e :
          x > 0 and x < 0.04 ? #FF9A00 :
          x > 0.04 and x < 0.08 ? #FFCD00 :
          x > 0.08 and x < 0.12 ? #D5FF00 :
          x > 0.12 and x < 0.16 ? #ABFF00 :
          x > 0.16 and x < 0.2 ? #66FF00 :
          x > 0.2 and x < 0.24 ? #33FF00 :
          x > 0.24 and x < 0.28 ? #00FF00 :
          x > 0.28 and x < 0.32 ? #00E92F :
          x > 0.32 and x < 0.36 ? #00D72B :
          x > 0.36 and x < 0.4 ? #01ed30 :
          x > 0.4 and x < 0.44 ? #00cf29 :
          x > 0.44 and x < 0.48 ? #00b424 :
          x > 0.48 and x < 0.5 ? #00ac22 :
          #00a621


// plot
n = 0

n := 1
p1 = plot(n, color = col(money_flow(n)), style = plot.style_linebr, linewidth = 10)

n := 2
p2 = plot(n, color = col(money_flow(n)), style = plot.style_linebr, linewidth = 10)

n := 3
p3 = plot(n, color = col(money_flow(n)), style = plot.style_linebr, linewidth = 10)

n := 4
p4 = plot(n, color = col(money_flow(n)), style = plot.style_linebr, linewidth = 10)

n := 5
p5 = plot(n, color = col(money_flow(n)), style = plot.style_linebr, linewidth = 10)

n := 6
p6 = plot(n, color = col(money_flow(n)), style = plot.style_linebr, linewidth = 10)

n := 7
p7 = plot(n, color = col(money_flow(n)), style = plot.style_linebr, linewidth = 10)

n := 8
p8 = plot(n, color = col(money_flow(n)), style = plot.style_linebr, linewidth = 10)

n := 9
p9 = plot(n, color = col(money_flow(n)), style = plot.style_linebr, linewidth = 10)

n := 10
p10 = plot(n, color = col(money_flow(n)), style = plot.style_linebr, linewidth = 10)

n := 11
p11 = plot(n, color = col(money_flow(n)), style = plot.style_linebr, linewidth = 10)

n := 12
p12 = plot(n, color = col(money_flow(n)), style = plot.style_linebr, linewidth = 10)

n := 13
p13 = plot(n, color = col(money_flow(n)), style = plot.style_linebr, linewidth = 10)

n := 14
p14 = plot(n, color = col(money_flow(n)), style = plot.style_linebr, linewidth = 10)

n := 15
p15 = plot(n, color = col(money_flow(n)), style = plot.style_linebr, linewidth = 10)

n := 16
p16 = plot(n, color = col(money_flow(n)), style = plot.style_linebr, linewidth = 10)

n := 17
p17 = plot(n, color = col(money_flow(n)), style = plot.style_linebr, linewidth = 10)

n := 18
p18 = plot(n, color = col(money_flow(n)), style = plot.style_linebr, linewidth = 10)

n := 19
p19 = plot(n, color = col(money_flow(n)), style = plot.style_linebr, linewidth = 10)

n := 20
p20 = plot(n, color = col(money_flow(n)), style = plot.style_linebr, linewidth = 10)

n := 21
p21 = plot(n, color = col(money_flow(n)), style = plot.style_linebr, linewidth = 10)

n := 22
p22 = plot(n, color = col(money_flow(n)), style = plot.style_linebr, linewidth = 10)

n := 23
p23 = plot(n, color = col(money_flow(n)), style = plot.style_linebr, linewidth = 10)

n := 24
p24 = plot(n, color = col(money_flow(n)), style = plot.style_linebr, linewidth = 10)

n := 25
p25 = plot(n, color = col(money_flow(n)), style = plot.style_linebr, linewidth = 10)

n := 26
p26 = plot(n, color = col(money_flow(n)), style = plot.style_linebr, linewidth = 10)

n := 27
p27 = plot(n, color = col(money_flow(n)), style = plot.style_linebr, linewidth = 10)

n := 28
p28 = plot(n, color = col(money_flow(n)), style = plot.style_linebr, linewidth = 10)

n := 29
p29 = plot(n, color = col(money_flow(n)), style = plot.style_linebr, linewidth = 10)

n := 30
p30 = plot(n, color = col(money_flow(n)), style = plot.style_linebr, linewidth = 10)

// information level
line.new(bar_index-5, 28, bar_index+2, 28, width = 2, color = na)
line.new(bar_index-5, 15, bar_index+5, 15, width = 2, color = show_confirmation ? color.blue : na)
line.new(bar_index-5, 2, bar_index+2, 2, width = 2, color = na)

Overview

Each horizontal band represents a different lookback length, with colors transitioning from red for negative money flow to green for positive money flow. Users can toggle a confirmation level setting in the options. The script requires volume data from the instrument provider to compute properly.

Swami chart heatmap visualization across lookback periods
Smoothed Chaikin Money Flow calculation
Dynamic color mapping for bullish and bearish flow
Volume validation check

Details

Published by

palitojendthen on GitHub

Type

Indicator, Pine Script v5

Draws

Separate pane below the chart

Markets

Any symbol

Timeframes

Any timeframe

Risk Notes

No repainting, lookahead or stacked entries were found in its code or README. That says nothing about how well it works: test it first.

File

indicator/swami_money_flow.pine

Repository

github.com/palitojendthen/pinescript. See its other scripts in the library

Topics

indicatortechnical-analysispinescripttrading-algorithms

Settings

The inputs you can change from the gear icon on the chart. Defaults are the author's.

Setting	Type	Default	Variable
Confirmation Level	`bool`	`false`	`show_confirmation`

Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.

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