Chaikin Volatility Indicator
Chaikin Volatility Indicator by Marc Chailkin is a volatility indicator that includes high-low difference and Rate of Change in its construction. The user may change the method (EMA) and period lengths. This indicator’s definition is further expressed in the condensed code given in the calculation below.
How To Trade Using Chaikin Volatility Indicator
The Chaikin Volatility Indicator is meant to be used in conjunction with other indicators. No trading signals are given.
How To Access in MotiveWave
Go to the top menu, choose Study>Marc Chaikin>Chaikin Volatility Indicator
or go to the top menu, choose Add Study, start typing in this study name until you see it appear in the list, click on the study name, click OK.
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//method = moving average (ma) (user defined, default is EMA)
//maPeriod = user defined, default is 10
//rocPeriod = user defined, default is 12
//roc = rate of change
hl = high - low; ma = ma(method, maPeriod, hl); Plot: cvi = 100 * roc( rocPeriod, ma);