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The Trend Detector Oscillator (TDO) :
Equation :
Trend Detector Oscillator (TDO) = [Standard Deviation
(close,20)/Close] * 100
Where :
Standard Deviation (close, 20) = The 20-day Standard Deviation
applied to the closing price of any issue.
Close = The Daily Closing Price of any issue.
Concept :
The key concept behind the TDO formula is dividing the 20-day
standard deviation by the daily closing price. That in turn, makes
the TDO much more sensitive to daily price fluctuations than the
regular standard deviation formula, and gives it two great
advantages. First, it helps the TDO make new peaks as the market
moves, and consequently, generate more accurate signals. It helps
draw trend lines and spot more technical formations on the
oscillator which automatically back similar formations on the price
chart.
Does anybody knows to AFLize this ?
Cheers-
Purshotam K
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