This indicator uses closing price data and is an excellent and highly responsive trend indicator with very little lag. The Chaikin Trend Indicator is calculated as follows (using 14 bars as example):

CTI = 2 * (14 bar EMA) - (14 bar EMA of the 14 bar EMA)

bars: number of bars for the exponential averages 3-200
offset: optional, number of offset bars 0-100, defaults to 0
increment: optional, value from 1-20, defaults to 1. When set to 1 it calculates using daily bar values. A value of 5 can be used to calculate weekly bars (approximately due to holidays).
series: optional, see below


The ideal time frame on a weekly basis (increment=5) is 45 bars, which can then be utilized by comparing the current close to the Chaikin Trend Indicator Close(0)/ChaikinTrend(45,0,5) to rank stocks, with a higher ranking being preferable.

A rate of change of the Chaikin Trend using offset ChaikinTrend(45,0,5) / ChaikinTrend(45,7,5) or a rate of change of the close/ChaikinTrend difference ((Close(0)/ChaikinTrend(45,0,5))/((Close(0)/ChaikinTrend(45,21,5)) can be used in a model to determine the trend of price momentum.

On a daily chart (increment=1) shorter term period values can be used to profit from moving average crossovers to buy stocks which are moving into uptrends. For example: Close(0)/ChaikinTrend(21,0,1)

Series Parameter

By default, technical functions access the time series of the instrument in context. Normally, that is the Stock or ETF currently being evaluated or ranked. In specialized Ranking Nodes, the context depends on the node type. For example, in an "Industry Node" (used to rank Industries against each other), the industry benchmarks are the default context.

You can specify a different time-series in several ways like: using GetSeries(), specifying a StockID directly, or using a time series id. See the examples below.

Examples

Get the latest close price using Close(0, series) using different methods for different time series.

Using the ID directly
Using the StockID for SPY:USA*	Close(0, 24262)
For the Industry series of the stock being evaluated	Close(0,#Industry)
Using a Time Series Id	Close(0,$RUI)
For the benchmark	Close(0, #Bench)
Using GetSeries
Using a fully qualified ticker	Close(0, GetSeries("SPY:USA"))
When USA is your default	Close(0, GetSeries("SPY"))
See GetSeries() for more examples like for aggregate series
* StockIDs never change

 

Pre-defined Series Ids

These are special series ids. Additional Series Ids can be found in the reference under: MISC→TIME SERIES IDs

Id	Description	Freq	OHLC
Industry and Sector
#Sector	Stock's Sector	Daily	C
#SubSector	Stock's SubSector	Daily	C
#Industry	Stock's Industry	Daily	C
#SubIndustry	Stock's SubIndustry	Daily	C
Miscellaneous
#Bench	Benchmark closing prices	Daily	C
#TNX	10Y Treasury Note	Daily	OHLC
FED Model series (chart)
#SPRP	SP500 Risk Premium	Weekly	C
#SPEPSCY	SP500 EPS CurrentY	Weekly	C
#SPEPSNY	SP500 EPS NextY	Weekly	C
#SPEPSCNY	SP500 EPS Blend Y	Weekly	C
#SPEPSQ	SP500 EPS Blend Q	Weekly	C
#SPEPSTTM	SP500 EPS Trailing 12 months	Weekly	C
#SPYield	SP500 Yield	Weekly	C

 

Special Series Ids for Moving Averages & Highest/Lowest functions

Id	Description	Context
#Open	Open prices	Stock & ETF
#High	High prices	Stock & ETF
#Low	Low prices	Stock & ETF
#Vol	Volumes	Stock & ETF