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.
L’idée en termes simples
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.
Mode de calcul
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)Comment l’utiliser
- 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.
Tirer des conclusions
- Use with the price trend: signals in the trend's direction are more reliable.
Exemple
A stock drifts sideways while the Chaikin Oscillator rises above zero for two weeks: buyers are quietly accumulating; a breakout follows.
Les prix des exemples sont donnés à titre d’illustration.
Points de vigilance
- On currencies and CFDs, "volume" is tick volume (the number of price changes), a rough proxy for activity.
Un peu d’histoire
Marc Chaikin developed both the A/D line and this oscillator.
Contenu éducatif uniquement. Aucun indicateur ni aucune figure ne prédit l’avenir, et rien ici ne constitue un conseil en investissement.