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Volume Accumulation Oscillator
Posted By: TradersLog
The Volume Accumulation Oscillator, also known as the Chaikin Oscillator after it’s founder Mark Chaikin, shows the cumulative volume adjusted by the difference between the close and the midpoint of the day’s range. Divergence between volume and price movements can indicate a possible price reversal.
Chart courtesy of Prophet Financial Systems (www.prophet.net)
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