Chaikin Oscillator Formula (Chart Controls)

The Chaikin Oscillator formula is useful for monitoring volume flow in a market. It applies the Accumulation Distribution Formula on the input, calculates the exponential moving average of the result for a short period and a long period, and then outputs the difference between the two.

This formula should be used together with the Envelopes Formula.

Formula Details

Syntax

Chart.DataManipulator.FinancialFormula(
    FinancialFormula.ChaikinOscillator,
    "PeriodShort,PeriodLong",
    "High,Low,Close,Volume",
    "CO")

Parameters

This formula takes two optional parameters.

• PeriodShort
  Period for calculating the short period exponential moving average. The default value is 3.

• PeriodLong
  Period for calculating the long period exponential moving average. The default value is 10.

Input Values

This formula takes four input Y values.

• High
  Daily high price.

• Low
  Daily low price.

• Close
  Daily close price.

• Volume
  Daily volume.

Output Value

This formula outputs one Y value.

• CO
  Chaikin Oscillator.

Remarks

The Line chart type is a convenient chart type to display the formula output.

Example

The following example takes input from Series1's Y values for the daily high, low, and close prices (Series1:Y,Series1:Y2,Series1:Y4) and Series2's Y value for the daily volume (Series2:Y), and then outputs the Chaikin Oscillator on Series3 (Series3:Y). It uses a short period of 5 days and a long period of 12 days.

Chart1.DataManipulator.FinancialFormula (FinancialFormula.ChaikinOscillator, "5,12", "Series1:Y,Series1:Y2,Series1:Y4,Series2:Y", "Series3:Y")

Chart1.DataManipulator.FinancialFormula (FinancialFormula.ChaikinOscillator, "5,12", "Series1:Y,Series1:Y2,Series1:Y4,Series2:Y", "Series3:Y");

See Also

Reference

Accumulation Distribution Formula
Exponential Moving Average Formula
System.Windows.Forms.DataVisualization.Charting
System.Web.UI.DataVisualization.Charting

Concepts

Financial Formulas
Applying Formulas