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Knowledge Base

Chaikin Oscillator

Overview


The Chaikin Oscillator was created by Marc Chaikin and is used to measure the momentum of the AD Line using MACD. The value of the Oscillator is the variation between the 3-day EMA of the AD Line and the 10-day EMA of the AD Line.

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The Chaikin Oscillator is used in an attempt to anticipate directional changes in the AD Line.

Actions & Properties


Actions


Add to Toolbar: Click this action to add the selected Chaikin Oscillator to your custom toolbar.

Apply Settings to All: 
When multiple Chaikin Oscillator tools have been applied to a chart, page or workbook, this action can be used to apply the settings of the one selected to other instances of the tool. This is a great time saver if an adjustment is made to the tool - such as hiding or adding levels - as this allows all the other Chaikin Oscillator tools in the chart, page or entire workbook to be updated instantly.

Copy Data to Clipboard: Will copy the tool's values to the clipboard which can then be inserted into a spreadsheet, for example, allowing for further analysis.

Copy Tool: Allows you to copy the selected Chaikin Oscillator, which can then be pasted onto a different chart window.

Move to Back: This option allows the selected item to be positioned behind the chart.

Move to Front: This option allows the selected item to be positioned in front of the chart.

Restore Default Settings: Click this action if you have adjusted the default settings of the Chaikin Oscillator, and wish to return to the standard properties originally installed with Optuma.

Save Settings as Default: If you have adjusted any of the Chaikin Oscillator Properties (colour, for example) you can save the adjustments as your new default setting. Each time you apply a new Chaikin Oscillator to a chart, the tool will display using the new settings.

Delete: Delete the Chaikin Oscillator from the chart.

Properties


Tool Name: Allows you to adjust the name of the tool, as it's displayed in the Structures Panel.

Calc Style: This option allows you to change the type of calculation used by the Moving Averages (which the Chaikin Oscillator Calculates from). The calculation options are Exponential, Simple, Weighted, Smoothed, Modified or McGinley.

AD1 Bar: The number of bars that are used for the first average calculation of the AD line.

AD2 Bar: The number of bars that are used for the second average calculation of the AD line.

Centre Line Style: Expands to display the properties of the centre line, the following properties can be adjusted:
  • Line Style: The Line Style property allows you to adjust the type of line displayed. There are 8 options available: Solid, Dots, Dash, Dash Dots, Long Dash, Long Dash Dot, Long Dash Dot Dot, Stippled. 
  • Line Width: Allows you to adjust the width of the centre line. Moving the slider bar to the right increases the thickness of the line. 
  • Line Colour: Allows you to adjust the colour of the centre line. 
  • Transparency: Use this slider bar to adjust the transparency of the centre line. Moving the slider to the left will increase the line transparency. 
  • Visible: Un-tick this checkbox to hide the centre line. 

Plot Style: Expands to display the following display options:
  • Plot Style - Allows you to change how the tool is displayed on your chart. There are 6 options available: Line, Dot, Histogram, Step and Shaded, Shaded Step.
  • Line Style - The Line Style property allows you to adjust the type of line displayed. There are 8 options available: Solid, Dots, Dash, Dash Dots, Long Dash, Long Dash Dot, Long Dash Dot Dot, Stippled.
  • Line Width - Allows you to adjust the width of the line. Moving the slider bar to the right increases the thickness of the line. 
  • Line Colour - Allows you to select the colour of the line. Clicking on the drop down arrow will display a colour swatch. Locate the desired colour and left-click it once to select it. 

Tool Transparency: Use this slider bar to adjust the transparency of the tool. Moving the slider to the left will increase the transparency of the tool.

Visible: Un-tick this checkbox to hide the tool from the chart.

Show In Price Scale: When selected the current upper and lower band values will be displayed in the Price Scale.

 Last updated Tue, Mar 28 2017 3:24am

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