Chaikin.efs
File Name: Chaikin.efs
Description:
Money Flow Indicator (Chaikin Oscillator)
Formula Parameters:
- Fast : 3
- Slow : 10
Notes:
Indicator plots Money Flow Indicator (Chaikin). This indicator looks to improve on Larry William's Accumulation Distribution formula The indicator subtracts a 10 period exponential moving average of the
AccumDist function from a 3 period exponential moving average of the AccumDist function.
Download File:
Chaikin.efs
EFS Code:
/********************************* Provided By: eSignal (Copyright c eSignal), a division of Interactive Data Corporation. 2009. All rights reserved. This sample eSignal Formula Script (EFS) is for educational purposes only and may be modified and saved under a new file name. eSignal is not responsible for the functionality once modified. eSignal reserves the right to modify and overwrite this EFS file with each new release. Description: Money Flow Indicator (Chaikin Oscillator) Version: 1.0 04/20/2009 Formula Parameters: Default: Fast 3 Slow 10 Notes: Indicator plots Money Flow Indicator (Chaikin). This indicator looks to improve on Larry William's Accumulation Distribution formula The indicator subtracts a 10 period exponential moving average of the AccumDist function from a 3 period exponential moving average of the AccumDist function. **********************************/ var fpArray = new Array(); var bInit = false; function preMain() { setStudyTitle("Money Flow Indicator (Chaikin Oscillator)"); setCursorLabelName("Chaikin Oscillator"); var x = 0; fpArray[x] = new FunctionParameter("Fast", FunctionParameter.NUMBER); with(fpArray[x++]) { setLowerLimit(1); setDefault(3); } fpArray[x] = new FunctionParameter("Slow", FunctionParameter.NUMBER); with(fpArray[x++]) { setLowerLimit(1); setDefault(10); } } var xemaMax = null; var xemaMin = null; function main(Fast, Slow) { var nBarState = getBarState(); var nMFI_Chaikin = 0; if (nBarState == BARSTATE_ALLBARS) { if (Fast == null) Fast = 3; if (Slow == null) Slow = 10; } if (bInit == false) { xemaMax = ema(Fast, accDist()); xemaMin = ema(Slow, accDist()); bInit = true; } nMFI_Chaikin = xemaMax.getValue(0) - xemaMin.getValue(0); if (nMFI_Chaikin == null) return; return nMFI_Chaikin; }