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I have it. It does have some nice characteristics. I have
heard others say that its not worth it.
I have attempted to replace it. Attached is the CTS TPO
version in RED. The replacement TPO is in CYAN.
They're not quite the same. If someone can figure how to
make the replacement code better match the CTS TPO, I would
greatly appreciated it. Essentially the replacement code
normalizes the price between +1 and -1. The guts of the
replacement code is:
input: price(numericseries), length(numeric);
fMaxH = Highest(price,Length);
fMinL = Lowest(price,Length);
tpo = 0.33 * 2 * (Price-MinL)/(MaxH-MinL)-.5)+ 0.67 * tpo[1]
I've played with weight of the xaverage, the '-.5', etc..
but still no cigar!!!
The CTO TPO seems to decay sooner once it reaches
or gets close to +1 and -1. So it gives an earlier signal that
things are about to turnaround. The replacement TPO while
it looks as a good replacement on the surface, is not as good as the
original. Can anyone figure out how to get the above code
to turn a bit quicker once it reaches the extreme?!
Maybe a cycle based length calculation would do it.
Any ideas?
Regards,
Ernie
ebonugli@xxxxxxxx
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