Chaikin Bull-Power Oscillator

This indicator is given with much love and care to the community to help you in your trading operations.

How to use the "Chaikin-Bull-PW" Indicator
The Chaikin-Bull-PW is an oscillator based on the Accumulation/Distribution (AD) line smoothed by different methods, called here the "Hull Chaikin Oscillator." It compares two smoothed averages of the AD line — a short period and a long period — to indicate the strength and direction of buying and selling pressure in the market.

Adjustable Parameters:
Short Period: Number of bars used to calculate the short smoothed average of the AD line. Shorter periods make the indicator more sensitive.

Long Period: Number of bars used to calculate the long smoothed average of the AD line. Longer periods smooth the indicator more.

Background Offset: Controls the offset of the chart’s background color.

Smoothing Type: Choose the smoothing method for the AD line among HMA, SMA, SMMA, EMA, WMA, and JMA. This affects how the averages are calculated and how the oscillator responds to price.

Indicator Interpretation:
The oscillator is the difference between the short and long smoothed averages of the AD line.

When the oscillator is above zero (green), it indicates increasing buying pressure, suggesting an uptrend.

When the oscillator is below zero (red), it indicates increasing selling pressure, suggesting a downtrend.

The zero line acts as a reference for trend changes.

Usage Suggestions:
Use the oscillator crossing the zero line to identify potential entry or exit points.

Combine with other indicators or chart analysis to confirm signals.

Adjust the periods and smoothing type to fit your asset and timeframe.