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Bill,
Thank you for your effort, Let me check this out.
Cheers,
Purshotam K
--- In amibroker@xxxxxxxxxxxxxxx, "Bill Barnard" <wbarnard@xxxx>
wrote:
> 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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