CHAIKIN INDICATORS by Technical Analysis, Inc.
The indicators developed by Marc Chaikin are built on and around a single day's observation of the
relationship of the closing price to the price range of the day and then multiplied by the day's volume:...
Keeping a running total of this formula creates the indicator known as the cumulative money flow line,
which is also known as the volume accumulation/distribution line. The Chaikin oscillator is the
difference between the three-day simple moving average and the 10-day sirnple moving average of the
cumulative line. The 21 -day money flow indicator is the 21 -day sum of the above formula divided by
the 21-day sum of the day's volume.