Description
The Chaikin Oscillator is a technical indicator used for confirmation of price movement. It is calculated as the difference between two EMAs of Accumulation/Distribution values: the fast and the slow one.
When the market is trending, i.e. the price keeps reaching new highs or lows, Chaikin Oscillator can confirm the trend reaching new highs or lows as well. If, however, it shows divergence from the price values, trend reversal might be expected.
Input Parameters
| Parameter | Description |
|---|---|
color norm length
|
The number of bars used in coloring algorithm (see the AssignNormGradientColor article for details). |
fast length
|
The number of bars used to calculate the fast Exponential Moving Average. |
slow length
|
The number of bars used to calculate the slow Exponential Moving Average. |
Plots
| Plot | Description |
|---|---|
ChaikinOsc
|
The Chaikin Oscillator plot. |
ZeroLine
|
The zero level. |
Example*
*For illustrative purposes only. Not a recommendation of a specific security or investment strategy.