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Chaikin Oscillator - indicator for MetaTrader 4

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votes: 11
2008.02.02 10:37
2014.04.21 14:52
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),

     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:

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