[smuhr]

Good morning,

For you, what is the best Price Oscillator and why ?

Regards,
Steven

[Tams]

all common oscillators are doomed to fail

unless the indicator can dynamically change its tempo to match the market's temperament.

[zdo]

rsi(c,2)

why? it never fails

[Tams]

Originally Posted by zdo »

rsi(c,2)

why? it never fails

can you post some sample charts?

[smuhr]

Have you heard form the DTosc from Robert Miner ?

[Tams]

Originally Posted by smuhr »

Have you heard form the DTosc from Robert Miner ?

never heard of it.
.....how much does it cost ?

[smuhr]

Originally Posted by Tams »

never heard of it.
.....how much does it cost ?

Nothing for TL readers

if type=1 then
a=8
b=5
c=3
d=3
endif
if type=2 then
a=13
b=8
c=5
d=5
endif
if type=3 then
a=21
b=13
c=8
d=8
endif
if type=4 then
a=34
b=21
c=13
d=13
endif

storsi=100*((rsi[a]-lowest[b](rsi[a]))/((highest[b](rsi[a]))-lowest[b](rsi[a])))

dtosck=average[c](storsi)
dtoscd=average[d](dtosck)

Seuilhaut=75
Seuilbas=25

RETURN dtosck AS "DTOSCK" , dtoscd AS "DTOSCD" , Seuilhaut , Seuilbas

I have watched Robert Miner workshop and the DTosc which is a mix between stochastic and RSI seems to be really good for multi time frame usage.

[HI_THERE]

Originally Posted by Tams »

all common oscillators are doomed to fail

unless the indicator can dynamically change its tempo to match the market's temperament.

I disagree STRONGLY. The beta weighting of many stocks precludes ANY care whatsoever about what the general market is doing. Furthermore, cash infusion drives the best performers...and that is often fueled by emotions (not just fear--on the short side--but also greed--on the long side).

A price oscillator that is tied to market sentiment is only relevant for index-based securities and ETFs.



EDIT:

Let me specify that I am an intraday trader. From that standpoint--or even from that of swing trading--the quote above is one of the most preposterous I have ever heard. Ever. I think that perspective would only be relevant at all for someone who is 100% pro-fundamental analysis and 100% against TA. I think Cramer falls into that category.