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For anybody who may be interested...
I was intrigued by the concept of an "Oscillator Predictor" but I
am limited by my Amibroker formula language (yet again!). I have no
easy way to locate the 3 highest/lowest oscillator values over a 6 month period
other than by eye-balling them and entering the values each time :-( ... and so
I took a look at the detrended oscillator formula to see what I could do...
I decided to try and use a standard deviation of the detrended oscillator
values over 6 months as a substitute for the manual approach (I use 2 standard
deviations). Then, in order to get the predictor, I just solved the detrended
oscillator equation for "close" and got:
//Oscillator Predictor
p = Param ( " Percent ", 100, 0, 100, 5 ) ;
Detrended = Close - MA (Close,7) ;
SDevNow = StDev ( detrended, 130 ) ;
Overbought = ( Sum ( Close,6 ) + 7 * p/100 * 2 * SDevNow) / 6 ;
Oversold = ( Sum ( Close,6 ) - 7 * p/100 * 2 * SDevNow ) / 6 ;
Plot ( Overbought, _DEFAULT_NAME(), ParamColor ("color", Colorcycle ), ParamStyle("Style") ) ;
Plot ( Oversold, _DEFAULT_NAME(), ParamColor ("color", Colorcycle ), ParamStyle("Style") ) ;
translation: the sum of the last 6 closes (including today) plus 7 times a
percentage of the max oscillator value you want, times 2 standard deviations of
the detrended oscillator over the last 6 months, all divided by 6. whew!
Basically the equation gives you a value of tomorrow's close that will
result in an oscillator value that is p% of the "max". I made
"p" a variable so I could plug in 70, 80, 90, etc.
My problem is that I 'm not getting tomorrow's value. Can anyone tell me what is wrong with my code?
Thanks
tony
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