Re: [RT] Jake Berstein's O/C Indicator Code

["BobR" <bobrabcd@xxxxxxxxxxxxx>]

For someone who just can't get enough lines on his charts, here is code for
a few more with a .gif in action.  Since I've joined the 2+% club I don't
need this anymore.

bobr

{JBOC oscillator is the triple exponential average of the close minus the
triple exp ave of the open.  TRIX is used because the endpoint of a TRIX ave
is the trend, so the trend of the close minus the trend of the open gives
the trend of price.  Can also use P1 = declining volume and P2 = advancing
volume}

INPUTS:  P1(O),P2(C),L1(6),L2(2),L3(5),Scale(6000);
Vars: LRS(0),OP(0),CL(0),JBOC(0);

OP = XAverage(XAverage(XAverage(P1,L1),L1),L1);

CL = Xaverage(XAverage(Xaverage(P2,L1),L1),L1);

JBOC = Scale*(CL - OP);

LRS =L3* LinearRegSlope(JBOC,L2);


IF JBOC>=0 THEN BEGIN
    PLOT1[0](JBOC[0],"UP");
    PLOT2[0](0,"DN");
    PLOT3[0](0,"");
END;

IF JBOC<0 THEN BEGIN
    PLOT1[0](0,"UP");
    PLOT2[0](JBOC[0], "DN");
END;

    PLOT4(LRS,"LRS");

----- Original Message -----
From: "Brian Keith Voiles" <admagic@xxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Tuesday, May 22, 2001 10:43 AM
Subject: [RT] Jake Berstein's O/C Indicator Code


> On page 121 of "The Compleat Day Trader" by Jake Berstein, he begins
> talking about a unique oscillator for day trading.  He describes how it
works
> and how to construct it -- but -- he leaves out a critical element, which
> is the
> "ZERO" line.
>
> Would someone please share with me the ela code for this indicator... or
how
> I can program the 2 MA's (smoothed) around a ZERO line that is meaningful?
>
> Thanks,
> Brian Voiles
>
>
> To unsubscribe from this group, send an email to:
> realtraders-unsubscribe@xxxxxxxxxxxxxxx
>
>
>
> Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/
>
>

To unsubscribe from this group, send an email to:
realtraders-unsubscribe@xxxxxxxxxxxxxxx

 

Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/

Attachment: Description: "jboc.gif"