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.
Chart.DataManipulator.FinancialFormula( FinancialFormula.ChaikinOscillator, "PeriodShort,PeriodLong", "High,Low,Close,Volume", "CO")
This formula takes two optional parameters.
- Period for calculating the short period exponential moving average. The default value is 3.
- Period for calculating the long period exponential moving average. The default value is 10.
This formula takes four input Y values.
- Daily high price.
- Daily low price.
- Daily close price.
- Daily volume.
This formula outputs one Y value.
- Chaikin Oscillator.
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.