Chaikin Indicator (or Chaikin Oscillator) is a technical indicator based on the difference in the moving averages of the Accumulation / Distribution indicator. Unlike many similar instruments, this oscillator does not redraw its readings. It fits well with modern trading systems, organically combining with other technical analysis tools.
You can download this indicator for free from the link below.
There are three parameters in the indicator settings: Slow Period, Fast Period, and Type Smooth, which are 10, 3, and 0 by default, respectively. The user can customize these values by adjusting the indicator to fit their trading strategy.
The line of the Chaikin indicator is calculated by subtracting the 10-period exponential moving average of the A / D indicator from the 3-period exponential moving average of the same indicator.
CHO = EMA (A / D, 3) - EMA (A / D, 10)
The main advantage of the Chaikin oscillator is its ability to give a leading forecast for changes in another Chaikin indicator - A/D, by the values of which it is calculated. This gives traders who use it an advantage over competitors, that is, the opportunity to buy closer to the "recession" and sell closer to the "peak" prices. The use of the Chaikin oscillator as part of trading systems can significantly increase their efficiency.
Download the Chaikin Oscillator for MT4 from the button below
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