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Chaikin Bull-Power Oscillator
This indicator is given with much love and care to the community to help you in your trading operations.
How to use the "Chaikin-Bull-PW" Indicator
The Chaikin-Bull-PW is an oscillator based on the Accumulation/Distribution (AD) line smoothed by different methods, called here the "Hull Chaikin Oscillator." It compares two smoothed averages of the AD line — a short period and a long period — to indicate the strength and direction of buying and selling pressure in the market.
Adjustable Parameters:
Short Period: Number of bars used to calculate the short smoothed average of the AD line. Shorter periods make the indicator more sensitive.
Long Period: Number of bars used to calculate the long smoothed average of the AD line. Longer periods smooth the indicator more.
Background Offset: Controls the offset of the chart’s background color.
Smoothing Type: Choose the smoothing method for the AD line among HMA, SMA, SMMA, EMA, WMA, and JMA. This affects how the averages are calculated and how the oscillator responds to price.
Indicator Interpretation:
The oscillator is the difference between the short and long smoothed averages of the AD line.
When the oscillator is above zero (green), it indicates increasing buying pressure, suggesting an uptrend.
When the oscillator is below zero (red), it indicates increasing selling pressure, suggesting a downtrend.
The zero line acts as a reference for trend changes.
Usage Suggestions:
Use the oscillator crossing the zero line to identify potential entry or exit points.
Combine with other indicators or chart analysis to confirm signals.
Adjust the periods and smoothing type to fit your asset and timeframe.
How to use the "Chaikin-Bull-PW" Indicator
The Chaikin-Bull-PW is an oscillator based on the Accumulation/Distribution (AD) line smoothed by different methods, called here the "Hull Chaikin Oscillator." It compares two smoothed averages of the AD line — a short period and a long period — to indicate the strength and direction of buying and selling pressure in the market.
Adjustable Parameters:
Short Period: Number of bars used to calculate the short smoothed average of the AD line. Shorter periods make the indicator more sensitive.
Long Period: Number of bars used to calculate the long smoothed average of the AD line. Longer periods smooth the indicator more.
Background Offset: Controls the offset of the chart’s background color.
Smoothing Type: Choose the smoothing method for the AD line among HMA, SMA, SMMA, EMA, WMA, and JMA. This affects how the averages are calculated and how the oscillator responds to price.
Indicator Interpretation:
The oscillator is the difference between the short and long smoothed averages of the AD line.
When the oscillator is above zero (green), it indicates increasing buying pressure, suggesting an uptrend.
When the oscillator is below zero (red), it indicates increasing selling pressure, suggesting a downtrend.
The zero line acts as a reference for trend changes.
Usage Suggestions:
Use the oscillator crossing the zero line to identify potential entry or exit points.
Combine with other indicators or chart analysis to confirm signals.
Adjust the periods and smoothing type to fit your asset and timeframe.
开源脚本
本着TradingView的真正精神，此脚本的创建者将其开源，以便交易者可以查看和验证其功能。向作者致敬！虽然您可以免费使用它，但请记住，重新发布代码必须遵守我们的网站规则。
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。
开源脚本
本着TradingView的真正精神，此脚本的创建者将其开源，以便交易者可以查看和验证其功能。向作者致敬！虽然您可以免费使用它，但请记住，重新发布代码必须遵守我们的网站规则。
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。