OPEN-SOURCE SCRIPT
Smoothed Chaikin Oscillator
This indicator is a smoothed version of the standard Chaikin Oscillator.
It calculates the difference between the fast and slow exponential moving averages of the Accumulation/Distribution line. An additional smoothing setting has been added to reduce noise and provide a clearer view of momentum.
When the Smoothing Length is set to 1, the indicator produces the same values as the standard Chaikin Oscillator. Increasing this value creates a smoother oscillator, but may slightly delay its response.
The area between the oscillator and the zero line is colored green when the value is positive and red when it is negative.
It calculates the difference between the fast and slow exponential moving averages of the Accumulation/Distribution line. An additional smoothing setting has been added to reduce noise and provide a clearer view of momentum.
When the Smoothing Length is set to 1, the indicator produces the same values as the standard Chaikin Oscillator. Increasing this value creates a smoother oscillator, but may slightly delay its response.
The area between the oscillator and the zero line is colored green when the value is positive and red when it is negative.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.