Chaikin Oscillator (CHO)

Category: volume, momentum

Measures the momentum of the Accumulation/Distribution Line (ADL) by calculating the difference between a fast and slow moving average of the ADL.

Formula

CHO = EMA(ADL, Fast) - EMA(ADL, Slow) \nwhere ADL = \sum [((Close - Low) - (High - Close)) / (High - Low)] * Volume

Inputs

• InpFastMA (default: 3)
• InpSlowMA (default: 10)
• InpSmoothMethod (default: MODE_EMA)
• InpVolumeType (default: VOLUME_TICK)

See signal primitives, usage in published strategies and more on WOBR StrategyVerse.