Calculates the Chaikin Oscillator by taking the difference between a fast exponential moving average and a slow exponential moving average of the Accumulation/Distribution line.
Chaikin Oscillator plots the resulting line in a separate pane alongside a dashed zero reference level. Traders can adjust the short and long lookback periods via the input settings to modify sensitivity.
Accumulation/Distribution line momentum calculation
The inputs you can change from the gear icon on the chart. Defaults are the author's.
Setting
Type
Default
Variable
short
int
3
short
long
int
10
long
Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.
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