Chaikin Oscillator - MetaTrader 5 Script - MQL5 #476 - MT4/MT5 Resources
The Chaikin Oscillator is named after author Marc Chaikin and is based on the Accumulation/Distribution indicator and some works by Joe Glanville and Larry Williams.
The presentation variant of this popular indicator allows choosing the smoothing algorithm from ten possible variants:
It should be noted that the Phase parameter has completely different meanings for different smoothing algorithms.
The indicator uses the SmoothAlgorithms.mqh library class (must be copied to the terminal data folder \MQL5\include). The use of the class "Average price series for intermediate calculations without using additional buffers" is described in detail in the article.
Attachment download
📎 smoothalgorithms.mqh (133.8 KB)
📎 xcho.mq5 (7.95 KB)
Source: MQL5 #476
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