Chaikin Oscillator
The Chaikin Oscillator function is based on an indicator developed by Marc Chaikin. It is calculated by subtracting the 10-day exponential moving average from the 3-day exponential moving average of the Accumulation Distribution line. Resulting values oscillate around the zero level. Applications of Chaikin Oscillator include confirmation of price trends and providing advance warning of price reversals.
1. Syntax
CHKOSC(d0,d1,d2,d3,s0,s1,Alignment)
2. Input
The Chaikin Oscillator function requires the following input series:
- d0 - High data values - The first set of data values for which the Chaikin Oscillator is calculated, usually the daily high price of a stock.
- d1 - Low data values - The second set of data values for which the Chaikin Oscillator is calculated, usually the daily low price of a stock.
- d2 - Close data values - The third set of data values for which the Chaikin Oscillator is calculated, usually the daily close price of a stock.
- d3 - Volume data values - The fourth set of data values for which the Chaikin Oscillator is calculated, usually the daily volume.
3. Parameters
The Chaikin Oscillator function has the following parameters:
- d0 - Short Period - The short time period to use in the calculation. Default value is 3.
- d1 - Long Period - The long time period to use in the calculation. Default value is 10.
- Alignment (Optional) – Hierarchy placeholder to be used as the alignment axis.
4. Output
The Chaikin Oscillator function generates the following output:
- Chaikin Oscillator - The Chaikin Oscillator result set.