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2008.02.02 10:37
Chaikin Oscillator

Chaikin Oscillator - indicator for MetaTrader 4

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CHO.mq4 (2.8 KB)view

First, Chaikin Accumulation/Distribution (Volume Accumulation, VA) is calculated:

     VA = {[(Close - Low) - (High - Close)] / (High - Low)}*Volume
   
Then Chaikin Oscillator is calculated:

     CHO = SMA(VA, m) - SMA(VA, n),

where:
     m is the higher order of the average;
     n is the lower order of the average.



Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/7761