Chaikin Oscillator (CHO)
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    Chaikin Oscillator (CHO)

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    Article Summary

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    Chaikin Oscillator (CHO) is an indicator used to confirm the price movement. The oscillator's values are calculated as the difference between the fast and slow EMAs of Accumulation/Distribution (A/D). A sum of all previous CHO values (a running total) forms a line that moves above or below the zero level: the line moves up – the buying (accumulation) pressure prevails, the line moves down – the selling (distribution) pressure prevails.

    CHO = Fast EMA (AD) - Slow EMA (AD)

    where:
    Fast EMA – the 3-period moving average
    Slow EMA – the 10-period moving average
    AD – Accumulation/Distribution

    Chaikin OscillatorChaikin Oscillator

    INPUTS

    InputDescription
    ShortLengthThe number of periods the indicator uses to calculate the Fast EMA
    LongLengthThe number of periods the indicator uses to calculate the Slow EMA

    PLOTS

    The plot renders the data you are working with on the chart. You can show/hide a plot by clicking the corresponding item in the settings. Every plot has a set of basic settings that you can change: color, weight, and type.

    PlotDescription
    ChaikinOscThe Chaikin Oscillator plot
    ZeroThe zero level
    Color

    Click the color rectangle under the plot's name to open the palette. Use the slider at the bottom to set the opacity of the color.

    Palette

    To create a custom color:

    1. Clickto open the color picker
    2. By using the slider at the bottom, adjust the main color
    3. Then, set a shade for the main color on the palette

    The custom-created colors are added to your palette. To remove a custom color, drag it out of the palette.

    Weight
    Change the value (in px) to adjust the thickness of the plot.
    Type
    The following plot types are available:
    • Linear. The plot is displayed as a line.
    • Column. The plot is displayed as a histogram.
    • DifferenceThe plot is displayed as a line which represents the difference between High and Low prices of the bar.
    • PointsThe plot is displayed as points.
    • Text above candleThe plot is displayed as the price labels above candles on the chart.
    • Text below candleThe plot is displayed as the price labels below candles on the chart.
    • Triangle above candleThe plot is displayed as triangles above candles on the chart.
    • Color candle. The candles on candle-type charts are highlighted with specified colors.

    OVERLAYING

    Check Overlaying to display the indicator on the chart. Otherwise, the indicator is shown in a study pane down below.

    Note: To reset the settings, click Restore to Default next to the SETTINGS: INDICATOR'S TITLE