CO - Chaikin Oscillator
CO (Chaikin Oscillator): The Chaikin Oscillator is an indicator of an indicator. It applies two Exponential Moving Averages (EMAs) of varying lengths to the Accumulation/Distribution Line (ADL). The value is derived by subtracting the longer-term EMA of the ADL from the shorter-term EMA of the ADL. This measures the momentum of the ADL, plotting a line that fluctuates between positive and negative values. Changes in momentum, indicated by the Chaikin Oscillator, can help traders anticipate trend changes, as momentum shifts often precede trend reversals.