Oscillators
Chaikin Oscillator
Shows whether money is flowing into or out of a market, by comparing short- and long-term trends of the Accumulation/Distribution line.
La idea en pocas palabras
The Accumulation/Distribution line adds volume on days when the price closes near its high and subtracts it when it closes near its low. The Chaikin Oscillator is the momentum of that line, much as MACD is the momentum of the price.
Cómo se calcula
The difference between a 3-period and a 10-period exponential average of the A/D line.
Chaikin = EMA(A/D, 3) − EMA(A/D, 10)Cómo usarlo
- Crossing above zero: buying pressure is growing. Below zero: selling pressure is growing.
- Divergence: price making new highs while the oscillator makes lower highs is a warning.
Sacar conclusiones
- Use with the price trend: signals in the trend's direction are more reliable.
Ejemplo
A stock drifts sideways while the Chaikin Oscillator rises above zero for two weeks: buyers are quietly accumulating; a breakout follows.
Los precios de los ejemplos son ilustrativos.
Ten cuidado con
- On currencies and CFDs, "volume" is tick volume (the number of price changes), a rough proxy for activity.
Un poco de historia
Marc Chaikin developed both the A/D line and this oscillator.
Solo contenido educativo. Ningún indicador ni patrón predice el futuro, y nada de lo aquí expuesto es asesoramiento de inversión.