Marc Chaikin 利用波动性指标来检测市场中资金流入和流出的情况——将资金流动情况与价格行为相对比，有利于帮助我们识别短期和中期走势的顶部和底部。他建议将摆动指标与21日轨道线指标（或称包略线指标，price envelope）以及超买超卖指标（例如动能指标、RSI指标等）结合起来使用。

计算蔡金波动性指标，需要从3-周期的指数移动平均数汇总/分离指标中减去10周期的指数移动平均数汇总/分离指标值。

交易信号

最好的交易信号是背离：
• 看涨背离做多。
• 看跌背离做空。

示例：

微软公司股票，   轨道线指标 (由20日指数移动平均线加/减 10% 得出) 、  蔡金摆动指标

1. [L] 处看涨背离，做多。
2. [S] 处看跌背离，做空。
3. [L] 处看涨背离，做多。 该头寸在价格走出新低时止损。
4. 三重看涨背离，[L]处继续进场做多。
5. [S] 处看跌背离，做空。

设置

指数移动平均数的默认设置为： 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.

文章翻译由兄弟财经提供

文章来源：http://www.incrediblecharts.com/indicators/chaikin_oscillator.php