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I think this does what you describe, but I am not sure how to use it.
/*Trend Detector Oscillator */
TDO = 100*StDev(Close, 20)/Close ;
Plot(Close, "Close", colorRed);
Plot(TDO, "TDO", colorYellow, styleOwnScale);
Bill
--- In amibroker@xxxxxxxxxxxxxxx, "goodmanz25" <goodmanz25@xxxx>
wrote:
> 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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