DTosc for ThinkorSwim

[boute 10]

Can someone please help me converting this oscilalator to use with Thinkor Swim? Thanks Alot

 

PeriodRSI= Param("PeriodRSI", 13, 1, 250, 1);

PeriodStoch=Param("PeriodStoch", 8, 1, 250, 1);

MAType=Param("MAType", 1, 1, 2, 1);

PeriodSK=Param("PeriodSK", 5, 1, 250, 1);

PeriodSD=Param("PeriodSD", 3, 1, 250, 1);

Upper=Param("Upper", 70, 50, 100, 1);

Lower=Param("Lower", 30, 0, 50, 1);

 

 

StoRSI= 100*(( RSI( PeriodRSI) - LLV( RSI( PeriodRSI ) , PeriodStoch ) ) / ( (

HHV( RSI( PeriodRSI) , PeriodStoch ) ) - LLV(RSI( PeriodRSI ), PeriodStoch ) )

);

 

if(MAType==1)

{

SK=MA(StoRSI,PeriodSK);

SD=MA(SK,PeriodSD);

}

 

if(MAType==2)

{

SK=EMA(StoRSI,PeriodSK);

SD=EMA(SK,PeriodSD);

}

 

Plot(SK,"DTOscSK",ParamColor( "ColorSK", colorBlue ),styleLine);

Plot(SD,"DTOscSD",ParamColor( "ColorSD", colorBlack ),styleDashed);

Plot(0,"ZeroLine",ParamColor( "ColorZero", colorBlack ),styleLine);

Plot(Upper,"Upper",ParamColor( "ColorUpper", colorRed ),styleLine);

Plot(Lower,"Lower",ParamColor( "ColorLower", colorGreen ),styleLine);

[Tams 20]

see this post:

http://www.traderslaboratory.com/forums/f56/chaikin-money-flow-index-mc-6945.html#post77631

[marytee 10]

Based on my research, the DTosc (Detrended oscillator) for thinkorswim can be approximated by using the StocRSI and adjusting it to match the numbers seen in the charts in the book.

 

For example, these settings based on those seen on page 38 of Miner's book High Probability Trading Strategies :

 

RSI length=21

OB = 75

OS = 25

RSI choice = RSI EMA

RSI price = close

k period = 13

d period = 8

slowing period = 8

smoothing type = ema

 

produced a very similar pattern to the DTOSC below the SPX daily chart on page 38. Experiment with it and see if it works for you.

[HI_THERE 10]

I agree with Tams. The description was vague...and you didn't provide much information. What is the name of that oscillator? If it is a detrended oscillator, there is a default "DetrendedPriceOsc" aready built into TOS. I think we would need more information to comment further.

[marytee 10]

Please reread my post--the Thinkorswim indicator that closely approximates Miner's DTosc is the StochRSI. If the settings are changed per my original post, you'll essentially have the DTosc on your screen.

 

As for the name 'detrended oscillator' I found it during my research and simply repeated it for anyone who wondered what "dtosc" meant.

[HI_THERE 10]

If the settings are changed per my original post, you'll essentially have the DTosc on your screen.

 

Sounds like you have it then. :helloooo: