Chaikin Osc (Indicator)Analysis Techniques & Strategies
Chaikin Osc (Indicator)
| Name | Expression | Default | Description |
| FastLength | Numeric | 3 | Number of bars to calculate the fast exponential average. |
| SlowLength | Numeric | 10 | Number of bars to calculate the slow exponential average. |
| AlertLength | Numeric | 14 | Number of bars to determine the Alert criteria. |
| ColorNormLength | Numeric | 14 | Number of bars over which to normalize the indicator for gradient coloring. |
| UpColor | Numeric | Yellow | Color to use for indicator values that are relatively high over ColorNormLength bars. Set to -1 to disable gradient color plotting. |
| DnColor | Numeric | Red | Color to use for indicator values that are relatively low over ColorNormLength bars. Set to -1 to disable gradient color plotting. |
| GridForegroundColor | Numeric | Black | Color to use for numbers in RadarScreen cells when gradient coloring is enabled, that is, when both UpColor and DnColor are set to non-negative values. |
The Chaikin Oscillator calculates and plots the difference between 2 exponential averages of the Accumulation Distribution. The Accumulation Distribution uses the relationship between the open and the close of the bar, and the range of the bar, to weight and characterize the volume as Accumulation (buying) or Distribution (selling).
The Chaikin Oscillator uses averages and differences to provide a different view of this data. Because the Chaikin Oscillator uses exponential averages, the numeric value of the Chaikin Oscillator will depend on the data available in the chart.
| Number | Name | Default Color | Description |
| Plot1 | ChaikinOsc | Yellow/Red | Plots the Chaikin Oscillator as a line. |
| Plot2 | ZeroLine | Dark Green | Plots a horizontal reference line at 0. |
When applied to a chart, this indicator displays two plots in a separate subgraph from the price data.
Set either UpColor and/or DnColor to -1 to disable gradient plot coloring. When disabled, Plot1 color is determined by settings in indicator properties dialog box. Plot2 (ZeroLine) color always comes from indicator properties dialog box.
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