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Hi Al,
I've attached a 4.0 version ELA containing both indicators.
My site is still under construction, but will eventually house a complete
library of: trading systems, indicators, show me & paint bar studies,
trading tips, recommended reading lists, tech analysis of major futures
markets, etc. A complete trading site. I'll post on the realtraders site
when it is up.
Regards,
James
--------
At 01:47 PM 12/19/99 -0700, you wrote:
>
>James..... Would you have the ELA code for these 2 oscillators? I don't
>have TS but Super Charts 4.0 EOD & don't know how to adapt the code to work.
>SC doesn't allow colons, so it doesn't work for that. I would appreciate it
>very much. I visited your site but couldn't access the download/upload
>portion. Thanks!
> Al
>Hussman
>
>
>----- Original Message -----
>From: James Taylor <jptaylor@xxxxxxxxxxxxxxx>
>To: <realtraders@xxxxxxxxxxxxxxx>
>Sent: Sunday, December 19, 1999 10:56 AM
>Subject: [RT] Re: Expanding Kaufman's Ideas
>
>
>I use the detrended oscillator and momentum oscillators to guage
>overbought/oversold extremes. They appear to be more reliable than the
>Kaufman variation. But when you are in a highly trending market, if you
>use these indicators (Kaufman's and the ones below) to exit trades, you
>will be cutting your profits short if you position trade. They can be
>useful for adding & lightening positions, or timing entry.
>
>The URL to view the T-Bond chart using these indicators:
>http://www.advsoftware.com/tbnddosc.gif
>
>
>The source code for the Detrended Oscillator:
>-------------------------------------------------
>DetrendedOsc Indicator
>
>Variables: DOsc(0), BuyLevel(0), SellLevel(0), AvgDOsc(0), StdDevDOsc(0);
>
>DOsc=Close - Average(Close, 7);
>AvgDOsc = Average(DOsc, 120);
>StdDevDOsc = StdDev(DOsc, 120);
>
>BuyLevel = (AvgDOsc - (1.5 * StdDevDosc));
>SellLevel = (AvgDOsc + (1.5 * StdDevDosc));
>
>Plot1(DOsc, "DOsc");
>Plot2(SellLevel, "SellLevel");
>Plot3(AvgDOsc, "AvgDOsc");
>Plot4(BuyLevel, "BuyLevel");
>
>
>The source code for the Momentum Oscillator:
>-------------------------------------------------
>Momentum Indicator
>
>Inputs: Price(Close), Length(10);
>Vars: Mom(0), AvgMom(0), StdDevMom(0), UpBand(0), LowBand(0);
>
>Mom = Momentum(Price, Length);
>
>Plot1(Mom, "Momentum");
>
>AvgMom = Average(Mom, 120);
>StdDevMom = StdDev(Mom, 120);
>UpBand = AvgMom + (1.7 * StdDevMom);
>LowBand = AvgMom - (1.7 * StdDevMom);
>
>Plot2(0, "Zero");
>Plot3(UpBand, "UpperBand");
>Plot4(LowBand, "LowBand");
>
>{Momentum Commentary}
>#BeginCmtry
>Commentary(ExpertMomentum(Plot1));
>#End;
>
>
>
>
>Regards,
>
>James Taylor
>TechTrading.com (site located presently at http://www.advsoftware.com)
>
>-----------------
>At 05:43 PM 12/18/99 -0600, Mark Brown wrote:
>>Hello RealTradersList,
>>
>> http://www.markbrown.com/pker.htm
>>
>>--
>>
>>.oİş°¨¨°şİ[ WWW.MARKBROWN.COM ]İş°¨¨°şİo.
>>
>>
>>
>>
>
>
>
>
>
Attachment Converted: "f:\eudora\attach\Extremes.ela"
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