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From: Paolo To: <> Date: Saturday, May 20, 2006, 11:25:58 PM Subject: [EquisMetaStock Group] A Metastock Price Oscilator Hi everyone! My name is Pablo Bozzolo, italo-argentinean. I'd like to make a little contribution with my most simple but powerful indicator, a kind of price oscilator: Ultimate ROC {By Pablo Bozzolo (feb-2006)} x:=Input("Number of periods:",3,200,12); (CLOSE / (Mov(CLOSE,x,E) )) -1 ; {12 is the default} U should buy at significant bottoms and sell at significant tops. It's really simple but It' works fine. (It can anticipate more than others price oscilators) I hope to be able to exchange ideas and formulas with U. Best regards, Pablo BTW: search of divergences in this indicator is good idea. =-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-= From: bill rook To: equismetastock__at__yahoogroups.com Date: Sunday, May 21, 2006, 1:03:00 AM Subject: [EquisMetaStock Group] A Metastock Price Oscilator Hi What parameters do you use with the Ultimate ROC? Regards Bill =-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-= From: Paolo To: equismetastock__at__yahoogroups.com Date: Sunday, May 21, 2006, 2:26:08 PM Subject: [EquisMetaStock Group] A Metastock Price Oscilator br> What parameters do you use with the Ultimate ROC? Dear Bill, The only parameter in this very-simple indicator is the 'number of periods' (days) of the moving average. By default it's 12. So the formula can be more simple yet: (CLOSE / (Mov(CLOSE,12,E) )) -1 ; The "-1" is just cosmetic :) "Andrew Tomlinson" > Like any other oscillator, though, it can show overbought or > oversold conditions that are surprisingly persistent, so you should > always wait for price confirmation. Andrew: this indicator do not show overbough or persistent oversold conditions. It's very diferent to RSI or Stochastic oscilators. Thank U very much for your comments :) Pablo =-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-= From: Andrew Tomlinson To: equismetastock__at__yahoogroups.com Date: Sunday, May 21, 2006, 11:46:08 PM Subject: [EquisMetaStock Group] A Metastock Price Oscilator Hi Paolo The oscillator you are describing is simply showing the deviation of the close from an exponential moving average expressed on a percentage basis. It is similar to a number of oscillators described in the literature - e.g. DiNapoli's detrended oscillator, which is the close minus the MA. The only difference here is expressing the change on a percentage basis and using an EMA instead of a SMA. If you normalize the deviation by dividing by the standard deviation you get a Bollinger Band variant (close to %b) if you normalize by ATR you get what I call the Moving Average Deviation. It is used in many cases (e.g. DiNapoli) as on overbought/oversold indicator. You and every other user are, of course, free to use it in whatever way you like. With respect, the '-1' is not cosmetic. Mathematically, C/MA -1 is the same as (C-MA)/MA, i.e. the deviation of the close from the MA expressed as a percentage of the MA. It's great fun playing with indicators in MetaStock. And varying the formulae can be a good way to appreciate how they work. But you do often find that someone had the same idea already. Best Andrew =-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-= From: Paolo To: equismetastock__at__yahoogroups.com Date: Monday, May 22, 2006, 3:30:12 AM Subject: [EquisMetaStock Group] A Volume-Price Divergence Finder Friends: Andrew 've shown that my price oscilator was invented by DiNapoli (italian ?) :) Here there is a indicator to see how strong is a negative divergence between volume and price. I hope It has no copyright!!!!!! Volume/Price Divergence Indicator {Finder of negative divergences between volume and price } {Pablo Bozzolo - May 2006} Periods:=5; {5 or 6 are the best values tested} If( V < Mov(V,Periods,E) AND V < Ref(V,-Periods) AND C > Mov(C,Periods,E) AND C > Ref(C,-Periods), - Mov(V,Periods,S) / Mov(V,100,S),0); Where Mov(V,Periods,S)/Mov(V,100,S),0) try to be a measure of the strenght of divergence. Sometimes when a huge divergence is shown the price don't go down but it enters in a trading zone (neutral). I use this indicator daily. Good luck! Pablo PD: sorry because when I try to write fast in english I make a lot of mistakes. Code:
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| However we try to maintain hiqhest possible level of service - most formulas, oscillators, indicators and systems are submitted by anonymous users. Therefore S4T™ does not take any responsibility for it's quality. If you use any of this information, use it at your own risk. You are responsible for your own trading decisions. Be sure to verify that any information you see on these pages is correct, and is applicable to your particular trade. In no case will S4T™ be responsible for your trading gains or losses. |
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