You can't make money if you're not willing to lose. It's like breathing in, but not being willing to breathe out. Various types of exits will help you do this (i.e., breathe fully), including trailing stops and the percent retracement stop.
Van K. Tharp

software zone

indicators, oscillators, formulas (1275)

systems (284)

Special offer: buy AmiBroker and EOD+Real-Time Data

Formula Library

	AmiBroker
	MetaTrader
	MetaStock
	TradeStation
	Wealth-Lab
	NinjaTrader

add your formula

System Library

	AmiBroker
	MetaStock
	MetaTrader
	TradeStation
	Wealth-Lab
	NinjaTrader

add your system

Account login

New to s4t? Sign up.
If you forgot your password click here.

Search the Web

Custom Search

LBR_3/10 Oscillator

Formula for: TradeStation

indicator

Views: 1618

Added: June 14, 2008

Rate this code:

This formula has not been rated yet

email this link

Tags: TradeStation, indicator

Your Ad Here

The LBR_3/10 Oscillator calculates the difference between a fast 3 bar moving average and a slower 10 bar moving average. See the interview with Linda Bradford Raschke, Back to the Basics, for more information.

How it works: The LBR_3/10 Oscillator calculates the difference between a fast 3 bar moving average and a slower 10 bar moving average. Then plots that against a 16 bar average of the difference.

Can be used with any bar interval chart.

Inputs:
Price(Close) - This is a bar price or other value to average.
Avg1(3) - The number of trailing bars to consider for the fast average calculation.
Avg2(10) - The number of trailing bars to consider for the slow average calculation.
Avg3(16) - The number of trailing bars to consider for the average difference.
StdDsp(1) - 1 = Normal Calculation, 2 = Alternate calculation.

Entry / Plot Descriptions:
Plot1 - Difference in two moving averages
Plot2 - Average of Plot1
Plot3 - 0 line

Suggested Modifications: You may want to try this with other Price inputs.

About the Author/Submitter: Linda Bradford-Raschke - http://www.lbrgroup.com

Code:

Type : Indicator, Name : LBR_3/10 Oscillator

inputs: Price(Close),
Avg1(3),
Avg2(10),
Avg3(16),
StdDsp(1);

if Currentbar > 30 then begin
if StdDsp =1 then
Value1 = Average(Price,Avg1)-Average(Price,Avg2);
if StdDsp <>1 then
Value1 = Average((Price-(Average(Price,3)[3])), 2);

Value2 = Average(Value1,Avg3);

Plot1(Value1,"3/10Line");
Plot2(Value2,"16Line");
Plot3(0,"ZeroLine");
end;

Author: Linda Bradford-Raschke
Source: http://www.tradestation.com

View similar (indicator for TradeStation):

Reverse Engineering

Seasonal SB

Modified Moving Averages

Chande's Momemtum Oscillator

Market Mood Indicator

Dunn's Density Indicator II

Better Bollinger Bands

Preferred (Slow) Oscillator

Ehlers Filter

Better Volume Indicator
...

all formulas for TradeStation

all formulas

Email to friend

Top

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.