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Yes you do need Mark Jurik's Vel, or you could replace it with:
Ind = XAverage(RateOfChange(Close,Length), Smooth);
VEL gives better clear peaks and doesn't have to be
sorta curve fitted.
This is not a plug for Mark Jurik, I never met the guy.
I just bought three of his functions (JAM, CFB and VEL),
and find that VEL is the best way to smooth oscillators.
Its only $205 and I have not found any oscillator system
that it does not clearly improve the results of both
in total return and stability across parameters.
Thanks,
David
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