View of indicator on the chart:
Calculation:There are four steps in calculating The Chaikin Oscillator (This example is for a (3,10) Period):
1. Find the Money Flow Multiplier
[(Close - Low) - (High - Close)] /(High - Low) = Money Flow Multiplier
2. Calculate Money Flow Volume
Money Flow Multiplier x Volume for the Period = Money Flow Volume
3. Determine ADL
Previous ADL + Current Period Money Flow Volume = ADL
4. Apply EMA (user defined periods) to the ADL to generate the Chaikin Oscillator
(3-day EMA of ADL) - (10-day EMA of ADL) = Chaikin Oscillator
To add and configure the indicator, you must open the settings window.
Panel - select the location indicator on the chart:
- New panel
Show value - display the value of the indicator on price scale.
Show zero values- display zero values.
Scale - if this option is enabled, the scale will automatically be calculated based on the minimum and maximum values of the indicator, in order for the indicator to be placed on the graph.
Color - choose color.
Visual type - visual adjustment of the indicator on the graph:
- Up arrow
- Down arrow
- Axis label
Line style - customize the appearance of the line:
- Dash - dot
- Dash - dot - dot
Width - adjust the thickness of the indicator line.
Long Period - choose value of period in days.
Short period - choose value of short period.
Show description of indicator - turn on and off description.
Customer support service by UserEcho