① 镶＄エ鎶链鎸囨爣绫诲瀷涔嬭败閲戣祫閲戞祦閲廋MF
鍦ㄨ偂绁ㄦ姇璧勭殑涓栫晫閲岋纴浠锋牸娉㈠姩瀵逛簬鐪熸ｆ姇璧勮呯殑浠峰间笉瑷钥屽柣銆傞┈鍏嬄疯败閲戯纸Marc Chaikin锛夊湪缁忓吀镢椾綔銆婅仾鏄庣殑鎶曡祫钥呫嬩腑镟惧己璋冿纴浠锋牸镄勫墽鐑堟尝锷ㄤ负鎶曡祫钥呮彁渚涗简涔板叆涓庡崠鍑虹殑镞舵満銆傝屼粬镓寮鍙戠殑钄￠噾璧勯噾娴侀噺锛圕haikin Money Flow锛岀亩绉癈MF锛夋寚镙囷纴姝ｆ槸涓轰简娣卞叆鐞呜В鐗瑰畾镞舵湡镄勮祫閲戞祦锷ㄧ姸鍐点
CMF骞堕潪绠鍗曞湴绱璁¤祫閲戞祦閲忥纴钥屾槸阃氲繃20鎴21澶╃殑锲炴函链燂纴灏呜祫閲戞祦閲忓姩镐佸湴绱锷狅纴褰㈡垚涓涓绫讳技鎸钻″櫒镄勫浘褰銆备氦鏄撹呴氲繃瀵笴MF涓庨浂绾跨殑瀵规瘆锛屼互鍙婂绘垒闆剁嚎涓娄笅浜ゅ弶镣癸纴𨱒ヨВ璇讳拱鍗栧帇锷涚殑骞宠銆傚埗琛ㄥ笀浼氩皢CMF镄勭粷瀵瑰间笌浠锋牸琛屼负鐩哥粨钖堬纴鍒ゆ柇甯傚満𨱍呯华鏄涔板帇杩樻槸鍗栧帇銆
璁＄畻CMF闇瑕佸洓涓姝ラわ纴姣忎釜姝ラら兘绮剧粏鍦板弽鏄犱简璧勯噾娴佺殑锷ㄦ佸彉鍖栥傝祫閲戞祦涔樻暟浠ワ纸鏀剁洏-浣庯级鍑忓幓锛堥珮-鏀剁洏锛夐櫎浠ワ纸楂-浣庯级镄勫舰寮忚閲忥纴瀹幂殑姝ｅ间笌璐熷煎弽鏄犱简浠锋牸鍦ㄥ尯闂村唴镄勪綅缃銆傚綋镶＄エ浠锋牸鎺ヨ繎楂树綅镞讹纴涔樻暟瓒嬭繎浜1锛岃岄潬杩戜绠镣规椂鍒欐帴杩-1銆傝繖绉嶈皟鏁寸‘淇濅简璧勯噾娴侀噺镄勭簿纭搴︼纴闄ら潪鏋佺𨱍呭喌锛屽惁鍒欎笉浼氩ぇ骞呭害鍓婂噺浜ゆ槗閲忋
妗堜緥涓锛屾煇镶＄エ镄勫浘琛ㄥ𪾢绀轰简璧勯噾娴侀噺涔樻暟镄勫彉鍖栵纴濡5链1镞ョ殑+1锛1链18镞ョ殑-97锛屼互鍙12链29镞ョ殑鎺ヨ繎闆躲侰MF镄勬尟钻¤寖锲撮氩父鍦-1鍒+1涔嬮棿锛屼絾鏋佸皯杈惧埌杩欎簺鏋侀檺銆傚湪鍒嗘瀽镞讹纴浜ゆ槗钥呬细鍏虫敞闆剁嚎涓娄笅绌胯秺镄勪俊鍙凤纴浠ュ强璁惧畾镄勪笂鍗囧拰涓嬭穼阒埚硷纴浠ヨ繃婊ゆ帀寮变俊鍙峰拰娲楃洏琛屼负銆
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铹惰岋纴CMF骞朵笉阃傚悎镓链夎瘉鍒搞傚逛簬娉㈠姩镐уぇ鎴栬秼锷夸笉绋冲畾镄勮偂绁锛屽崟绾渚濊禆CMF淇″彿鍙鑳戒细阆阆囱瀵笺傚洜姝わ纴缁揿悎镶＄エ镄勫熀链闱㈠垎鏋愬拰浠锋牸瓒嫔娍锛屾槸浣跨敤CMF镞剁殑閲嶈佽冮噺銆傝败閲戠殑璧勯噾娴侀噺涔樻暟灏ゅ叾娉ㄩ吨浠锋牸鐩稿逛簬楂树绠鍖洪棿镄勭浉瀵逛綅缃锛岃繖鍙鑳藉艰嚧涓庝环镙艰蛋锷跨殑𨱌傛椂鑴辫妭锛屽傛煇鍙镶＄エ鍦ㄤ笅璺屼腑璧勯噾娴侀噺鍙嶈屼笂鍗囥
镐荤粨𨱒ヨ达纴钄￠噾璧勯噾娴侀噺鏄涓绉嶅己澶х殑宸ュ叿锛屽畠鎻绀轰简甯傚満镄勪拱鍗栧帇锷涳纴浣嗗苟闱炲ょ珛浣跨敤镄勬寚镙囥傜粨钖埚叾浠栨妧链鍒嗘瀽宸ュ叿锛屽侻ACD鎴朢SI锛屼互鍙婂熀链闱㈠垎鏋愶纴鎶曡祫钥呮墠鑳芥洿鍏ㄩ溃鍦拌В璇诲竞鍦哄姩镐併傝颁綇锛屾疮涓绉嶆寚镙囬兘链夊叾灞闄愭э纴鍏抽敭鍦ㄤ簬濡备綍链夋晥鍒╃敤锛屼互杈呭姪鍐崇瓥锛岃岄潪渚濊禆鍗曚竴鎸囨爣銆
② 镶℃寚鏁版湡璐 妗堜緥 镶＄エ链熻揣 妗堜緥
渚嬶细镆愭満鏋勫湪4链15镞ュ缑鍒版圹璇猴纴6链10镞ヤ细链300涓囧厓璧勯噾鍒拌处銆傝ユ満鏋勭湅閲岮銆丅銆丆涓夊彧镶＄エ锛岀幇鍦ㄤ环镙煎垎鍒涓20銆25銆50鍏冿纴濡傛灉鐜板湪灏辨湁璧勯噾锛屾疮涓镶＄エ鎶曞叆100涓囧厓灏卞彲浠ュ垎鍒涔拌繘5涓囱偂銆4涓囱偂鍜2涓囱偂銆傜敱浜庣幇鍦ㄥ勪簬琛屾儏鐪嬫定链燂纴浠栦滑𨰾呭绩璧勯噾鍒板笎镞讹纴镶′环宸蹭笂娑锛屽氨涔颁笉鍒拌繖涔埚氲偂绁ㄤ简銆备簬鏄锛岄噰鍙栦拱杩涜偂鎸囨湡璐у悎绾︾殑鏂规硶阌佸畾鎴愭湰銆傚亣瀹氱浉搴旂殑6链埚埌链熺殑链熸寚涓1500镣癸纴姣忕偣涔樻暟涓300鍏冦备笁鍙镶＄エ镄勎茬郴鏁颁负1.5銆1.3鍜0.8銆傚垯浠栦滑棣栧厛寰楄＄畻搴旇ヤ拱杩涘氩皯链熸寚钖堢害銆
涓夊彧镶＄エ缁勫悎镄勎茬郴鏁颁负1.5脳1/3+1.3脳1/3+0.8脳1/3=1.2
搴旇ヤ拱杩涙湡鎸囧悎绾︽暟锛漑300涓囧厓/(1500脳300鍏)]脳1.2锛8寮