The Chaikin Oscillator (Amibroker And Tradestation Code)

The strategy in plain English:

We have not found this indicator to be very useful in trading. However, below we have provided the code for the indicator:

 

The indicator is calculated in four steps and is somewhat “complicated”:

1. Money flow multiplier: ( (Close-Low)-(High-Low) ) / (high-Low)
2. Money flow volume: Money flow multiplier  * volume
3. Accumulation/distribution line (ADL): previous ADL + current period’s money flow volume
4. Chaikin oscillator: (x-day MA of ADL) – (x-day MA of ADL)

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Amibroker code:

MFM = ( (Close – Low) – (High – Low) ) / (high – Low) ;
MFV = MFM*Volume;
ADL = MFV + Ref(MFV,-1);
CO = EMA(ADL,3) – EMA(ADL,10);

Tradestation code:

{ Chaikin oscillator }

Inputs:
	FastLookback(3),
	SlowLookback(10);

Vars:
	MFM(0),
	MFV(0),
	ADL(0),
	CO(0);

MFM = ((Close - Low) - (High - Low)) / (High - Low) ;
MFV = MFM * Volume;
ADL = MFV + MFV[1];
CO = XAverage(ADL, FastLookback) - XAverage(ADL, SlowLookback);
Value1 = CO;
Plot1( Value1, "Chaikin oscillator" ) ;

Disclosure: We are not financial advisors. Please do your own due diligence and investment research or consult a financial professional. All articles are our opinions – they are not suggestions to buy or sell any securities.