# Chaikin Oscillator vs Chaikin Money Flow Indicators

Questions about MultiCharts and user contributed studies. quantum777
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### Chaikin Oscillator vs Chaikin Money Flow Indicators

We have in our MC the Chaikin Oscillator Indicator. The Chaikin Money Flow is not as smooth BUT in low range price moves it is slightly more accurate. An indicator explanation is below and a chart picture is attached.
Per Stockcharts.com
Developed by Marc Chaikin, the Chaikin Oscillator (indicator in our MC)measures the momentum of the Accumulation Distribution Line using the MACD formula. This makes it an indicator of an indicator. The Chaikin Oscillator is the difference between the 3-day EMA of the Accumulation Distribution Line and the 10-day EMA of the Accumulation Distribution Line. Like other momentum indicators, this indicator is designed to anticipate directional changes in the Accumulation Distribution Line by measuring the momentum behind the movements. A momentum change is the first step to a trend change. Anticipating trend changes in the Accumulation Distribution Line can help chartists anticipate trend changes in the underlying security. The Chaikin Oscillator generates signals with crosses above/below the zero line or with bullish/bearish divergences.
Calculating the Accumulation Distribution Line (ADL) is the first step to the Chaikin Oscillator. This article will cover the basic elements of the Accumulation Distribution Line. See our ChartSchool article the details. There are three steps to calculating the Accumulation Distribution Line (ADL). First, calculate the Money Flow Multiplier. Second, multiply this value by volume to find Money Flow Volume. Third, create a running total of Money Flow Volume to form the Accumulation Distribution Line (ADL). Fourth, take the difference between two moving averages to calculate the Chaikin Oscillator.
1. Money Flow Multiplier = [(Close - Low) - (High - Close)] /(High - Low)
2. Money Flow Volume = Money Flow Multiplier x Volume for the Period