ChaikinOsc

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.

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