Money Flow Indicator (Chaikin Oscillator)

Chaikin.efs  

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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;
}