Charts

Chaikin Volatility (CV)

Chaikin Volatility (CV)

The Chaikin Volatility, developed by Marc Chaikin, uses the bar range to measure volatility by comparing the differences between the high and low prices using a standard rate of change formula. The Chaikin curve oscillated -100% and +100% of the difference, with values below 0 indicating lower volatility and values above 0 indicating higher volatility.

Configuration Options

  • Period: Number of bars to use in the calculations.
  • Moving Average Type: Type of moving average to use in the calculations:
    • Simple
    • Exponential
    • Time Series
    • Triangular
    • Variable
    • VIDYA
    • Weighted
    • Welles Winder
    • Hull
    • Double Exponential
    • Triple Exponential
  • Rate Of Change: TBD
  • Color Selectors: Colors to use for graph elements.
  • Display Axis Label: Whether to display the most recent value on the Y axis.

Formula

\[Chaikin\;Volatility = \left ( \frac{\left (High-Low\;Average)_{current} - (High-Low\;Average)_{n-periods\;ago} \right )}{(High-Low\;Average)_{n-periods\;ago}} \right )\times 100\]

where:

\[(High-Low\;Average)= Exponential\;moving\;average\;of\;(High - Low)\; for\;n\text{-}periods\]