Blockchain and Cryptocurrency Advanced - How to Add the CMF Indicator to The Chart on A Platform

Adding the CMF indicator using the GoodCrypto platform

To add the CMF indicator on a chart, I will making use of the goodcrypto platform https://app.goodcrypto.app. The trade interface on goodcrypto https://app.goodcrypto.app/trade provides the charting tools.

• Click on the dropdown of the crypto pair and search for the desired cryptocurrency to add on the chart. For this, I will be using the AAVE/USDT pair.

• To change the exchange for the particular crypto pair, click on the dropdown of the exchange and choose the desired exchange. For this, I chose the Binance exchange.

• Next is to go into fullscreen mode.

• To change the timeframe on the chart, click on the timeframe icon on the tabs section. I set the timeframe on the 4hr period

• To add the CMF indicator, click on the indicators icon "fx".

• From the list of available options, select the CMF indicator to add it to the chart.

• The CMF will be added.

• On the CMF indicator area, click on the 3 dots that for the menu.

• Click on settings to bring up the settings for the CMF indicator

• The CMF indicator has 2 sections; the input and styles section.

• Input - On the input section, the period length is the only available parameter and can be changed to the desired period length.

• Styles - On the styles settings, the appearance such as line thickness, shape and color of the CMF oscillator line and the 0 center dotted line can be changed.

Best settings

In my opinion, the best settings for the CMF indicator greatly depends on the particular time period for the analysis (short-term or long-term) and also the trading strategy. Even though the default settings on the CMF indicator is 21, the period length can be changed based on the particular time period. For short-term, short period length is more ideal. For long-term, a longer period length is more ideal.