Marc Chaikin 利用波動性指標來檢測市場中資金流入和流出的情況——將資金流動情況與價格行為相對比，有利於幫助我們識別短期和中期走勢的頂部和底部。他建議將擺動指標與21日軌道線指標（或稱包略線指標，price envelope）以及超買超賣指標（例如動能指標、RSI指標等）結合起來使用。
計算蔡金波動性指標，需要從3-週期的指數移動平均數匯總/分離指標中減去10週期的指數移動平均數匯總/分離指標值。
交易信號
最好的交易信號是背離：
• 看漲背離做多。
• 看跌背離做空。
示例：
微軟公司股票， 軌道線指標 (由20日指數移動平均線加/減 10% 得出) 、 蔡金擺動指標
1. [L] 處看漲背離，做多。
2. [S] 處看跌背離，做空。
3. [L] 處看漲背離，做多。 該頭寸在價格走出新低時止損。
4. 三重看漲背離，[L]處繼續進場做多。
5. [S] 處看跌背離，做空。
設置
指數移動平均數的默認設置為： 慢:10日；快：3日。
Chaikin Oscillator
Marc Chaikin uses the Chaikin Oscillator to monitor the flow of money in and out of the market - comparing money flow to price action helps to identify tops and bottoms in short and intermediate cycles. He suggests that it be used in conjunction with a 21 day price envelopeand an overbought/oversold indicator (such as Momentum or RSI).
The Chaikin Oscillator is calculated by subtracting a 10 period exponential moving average from a 3 periodexponential moving average of the Accumulation Distribution line.
Trading Signals
The best signals are divergences:
• Go long on a bullish divergence.
• Go short on a bearish divergence.
EXAMPLE
Microsoft Corporation with Price envelopes (at 10% around a 20 day exponential moving average) and Chaikin oscillator.
1. Go long [L] on bullish divergence.
2. Go short [S] on bearish divergence.
3. Go long [L] on bullish divergence. This position is stopped out when price falls below the recent low.
4. Bullish triple divergence. Re-enter long position [L].
5. Go short [S] on bearish divergence.
Setup
See Indicator Panel for directions on how to set up Chaikin Oscillator. The default exponential moving averagesare:
• slow - 10 days
• fast - 3 days
To alter the default settings - Edit Indicator Settings.
文章翻譯由兄弟財經提供
文章來源：http://www.incrediblecharts.com/indicators/chaikin_oscillator.php