Chaikin Oscillator

Chaikin Oscillator
It was invented by Marc Chaikin in order to relate volume and cost levels for asset. This can be utilizedto show when the asset is over purchased or oversoldand therefore shows an upcoming reversal. To measure ChaikinOscilator, a dealer at first generates a distribution or accumulation line for the asset.This line is a resultant from the index known as close location valuewhich is used for comparing low, high or close costs. If the close costs are over the midpoint of high or low range, CLV remains positive. It is also described as ten eraaverage of the asset cost.