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Chaikin Oscillator Formula

The Chaikin Oscillator formula is useful for monitoring volume flow in a market. It applies the Accumulation Distribution Formula on the input, calculates the exponential moving average of the result for a short period and a long period, and then outputs the difference between the two.

This formula should be used together with the Envelopes Formula.

Syntax

Chart.DataManipulator.FinancialFormula(
    FinancialFormula.ChaikinOscillator,
    "PeriodShort,PeriodLong",
    "High,Low,Close,Volume",
    "CO")

Parameters

This formula takes two optional parameters.

PeriodShort
Period for calculating the short period exponential moving average. The default value is 3.

PeriodLong
Period for calculating the long period exponential moving average. The default value is 10.

Input Values

This formula takes four input Y values.

High
Daily high price.

Low
Daily low price.

Close
Daily close price.

Volume
Daily volume.

Output Value

This formula outputs one Y value.

CO
Chaikin Oscillator.

The Line chart type is a convenient chart type to display the formula output.

The following example takes input from Series1's Y values for the daily high, low, and close prices (Series1:Y,Series1:Y2,Series1:Y4) and Series2's Y value for the daily volume (Series2:Y), and then outputs the Chaikin Oscillator on Series3 (Series3:Y). It uses a short period of 5 days and a long period of 12 days.

Chart1.DataManipulator.FinancialFormula (FinancialFormula.ChaikinOscillator, "5,12", "Series1:Y,Series1:Y2,Series1:Y4,Series2:Y", "Series3:Y");




Build Date:

2012-08-02
Show:
© 2014 Microsoft