Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

smuhr

Best Price Oscillator

Recommended Posts

all common oscillators are doomed to fail

 

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

Edited by Tams

Share this post


Link to post
Share on other sites
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.

Share this post


Link to post
Share on other sites
all common oscillators are doomed to fail

 

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

 

I disagree STRONGLY. :haha: 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.

 

:2c:

 

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.

Edited by HI_THERE
Additional information.

Share this post


Link to post
Share on other sites
all common oscillators are doomed to fail

 

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

 

 

I disagree STRONGLY. :haha: 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.

 

:2c:

 

 

can you post a chart example ?

Share this post


Link to post
Share on other sites

A chart of what? A cursory look at any of the markets--on any given day--will yield numerous stocks that outperform that market...even during this last week of extreme distribution. And guess what? A "price" oscillator would have reflected that change in "price."

Share this post


Link to post
Share on other sites

and you'd have to agree that this thread has been a premiere example of intelligent analysis.

 

or not.

 

 

 

One of the few things I really hate about Traders Laboratory is that when you add a worthless post to a worthless thread ... you can't delete the sodding thing. Happy Wednesday everyone!

Share this post


Link to post
Share on other sites
and you'd have to agree that this thread has been a premiere example of intelligent analysis.

 

or not.

 

 

 

One of the few things I really hate about Traders Laboratory is that when you add a worthless post to a worthless thread ... you can't delete the sodding thing. Happy Wednesday everyone!

 

:doh: Not sure if I understand that one. I don't think the thread itself is worthless. That demeans the original poster and he is merely trying to increase his knowledge. I, for one, understand how price oscillators are an important component for intraday trading, and I have the portfolio to prove it. :cool:

Share this post


Link to post
Share on other sites
A chart of what? A cursory look at any of the markets--on any given day--will yield numerous stocks that outperform that market...even during this last week of extreme distribution. And guess what? A "price" oscillator would have reflected that change in "price."

 

So, your oscillator tells you at the end of the day that a stock outperformed the market for that day? Sounds very helpful... :roll eyes:

Share this post


Link to post
Share on other sites

No, you misunderstand. One: no single indicator does everything. Two: The price oscillator is not for EOD analysis. However, during market hours it can definitely help you identify strong stocks, and then you look at further characteristics from there. The whole point of my original statement--as solidified--is that price oscillation of individual securities is not necessarily tied to the overall markets. ;)

Share this post


Link to post
Share on other sites
No, you misunderstand. One: no single indicator does everything. Two: The price oscillator is not for EOD analysis. However, during market hours it can definitely help you identify strong stocks, and then you look at further characteristics from there. The whole point of my original statement--as solidified--is that price oscillation of individual securities is not necessarily tied to the overall markets. ;)

 

So, all you are saying that when the market goes down, that some stocks will still go up? That's your whole point ? That is kind of obvious and common sense, isn't it? I don't think anyone expect 100% of the stocks to follow the market every day, but this is commone sense that most follow the market, since they ARE the market and this is the path of least resistance.

 

I think I understand Kiwi's post now...

Share this post


Link to post
Share on other sites

Null conversation. I agree. You two have made this thread undesireable. Good luck in trading. ps. I made 20% leveraged on Netlist a few minutes ago. And the DJ is down over 100 points. A price oscillator is one of the tools in my arsenal. Hope your day is as productive.

Edited by HI_THERE
add

Share this post


Link to post
Share on other sites

Dare I mention this (at the risk of entering the fray) - I have been trying to get the code that was posted for the DTOsc (have been a fan of Miner's book for some time) - and cant seem to get it to run for TS. Sent a PM to Smuhr but havent heard anything back.

 

Am not exactly ELD savvy - but am getting error messages when I try to verify the code that was posted.

 

Thanks for the response in advance. (And yes - I used oscillators at points I believe the product may turn - which yes - is actually some fibonacci levels/alt price projections/external retracements - which I know some believe is voodoo, etc. But since we all skin the market in different ways - I figure its all good!)

 

Paul

Share this post


Link to post
Share on other sites

DT OSc

 



input: RSILength(8),
   StochLength(5),
   KLength(3),
   DLength(3);

Vars: DToscK(0), DToscD(0);

value1 = FastKCustomEasy(RSI(C, RSILength),StochLength);
DToscK =  average(value1,KLength);
DToscD = average(DToscK,DLength);

plot1(DToscK,"%K" );
plot2(DToscD,"%D" );

Share this post


Link to post
Share on other sites
DT OSc

 



input: RSILength(8),
   StochLength(5),
   KLength(3),
   DLength(3);

Vars: DToscK(0), DToscD(0);

value1 = FastKCustomEasy(RSI(C, RSILength),StochLength);
DToscK =  average(value1,KLength);
DToscD = average(DToscK,DLength);

plot1(DToscK,"%K" );
plot2(DToscD,"%D" );

Thanks, statsign. The code works great on TS charts... but it refuses to work on RadarScreen. Could fastkcustomeasy function be incompatible with RS?

Share this post


Link to post
Share on other sites
Thanks, statsign. The code works great on TS charts... but it refuses to work on RadarScreen. Could fastkcustomeasy function be incompatible with RS?

 

I don't think so. I have no need for Radar so don't have it. I do know most problems are settings for loading data. Post in the TS support forum and get an answer right away - lots of Radar savvy users there.

Share this post


Link to post
Share on other sites

I have used several oscillators. At some points all of them fail because they are bound within 0-100 parameters, even if a trend continues vigorously. In trending markets they all will fail. But that itself is a false premis to start with. One needs to combine price oscillator with a moving average to effectively check if a trend is developing, in which case one shifts from oscillator to trend.

So the question is what is a good, if not the best, combination of oscillator and moving average. In my experience, Williams %R extremes and a simple moving agerage of twenty-one bars itself going up or down.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Topics

  • Posts

    • Be careful who you blame.   I can tell you one thing for sure.   Effective traders don’t blame others when things start to go wrong.   You can hang onto your tendency to play the victim, or the martyr… but if you want to achieve in trading, you have to be prepared to take responsibility.   People assign reasons to outcomes, whether based on internal or external factors.   When traders face losses, it's common for them to blame bad luck, poor advice, or other external factors, rather than reflecting on their own personal attributes like arrogance, fear, or greed.   This is a challenging lesson to grasp in your trading journey, but one that holds immense value.   This is called attribution theory. Taking responsibility for your actions is the key to improving your trading skills. Pause and ask yourself - What role did I play in my financial decisions?   After all, you were the one who listened to that source, and decided to act on that trade based on the rumour. Attributing results solely to external circumstances is what is known as having an ‘external locus of control’.   It's a concept coined by psychologist Julian Rotter in 1954. A trader with an external locus of control might say, "I made a profit because the markets are currently favourable."   Instead, strive to develop an "internal locus of control" and take ownership of your actions.   Assume that all trading results are within your realm of responsibility and actively seek ways to improve your own behaviour.   This is the fastest route to enhancing your trading abilities. A trader with an internal locus of control might proudly state, "My equity curve is rising because I am a disciplined trader who faithfully follows my trading plan." Author: Louise Bedford Source: https://www.tradinggame.com.au/
    • SELF IMPROVEMENT.   The whole self-help industry began when Dale Carnegie published How to Win Friends and Influence People in 1936. Then came other classics like Think And Grow Rich by Napoleon Hill, Awaken the Giant Within by Tony Robbins toward the end of the century.   Today, teaching people how to improve themselves is a business. A pure ruthless business where some people sell utter bullshit.   There are broke Instagrammers and YouTubers with literally no solid background teaching men how to be attractive to women, how to begin a start-up, how to become successful — most of these guys speaking nothing more than hollow motivational words and cliche stuff. They waste your time. Some of these people who present themselves as hugely successful also give talks and write books.   There are so many books on financial advice, self-improvement, love, etc and some people actually try to read them. They are a waste of time, mostly.   When you start reading a dozen books on finance you realize that they all say the same stuff.   You are not going to live forever in the learning phase. Don't procrastinate by reading bull-shit or the same good knowledge in 10 books. What we ought to do is choose wisely.   Yes. A good book can change your life, given you do what it asks you to do.   All the books I have named up to now are worthy of reading. Tim Ferriss, Simon Sinek, Robert Greene — these guys are worthy of reading. These guys teach what others don't. Their books are unique and actually, come from relevant and successful people.   When Richard Branson writes a book about entrepreneurship, go read it. Every line in that book is said by one of the greatest entrepreneurs of our time.   When a Chinese millionaire( he claims to be) Youtuber who releases a video titled “Why reading books keeps you broke” and a year later another one “My recommendation of books for grand success” you should be wise to tell him to jump from Victoria Falls.   These self-improvement gurus sell you delusions.   They say they have those little tricks that only they know that if you use, everything in your life will be perfect. Those little tricks. We are just “making of a to-do-list before sleeping” away from becoming the next Bill Gates.   There are no little tricks.   There is no success-mantra.   Self-improvement is a trap for 99% of the people. You can't do that unless you are very, very strong.   If you are looking for easy ways, you will only keep wasting your time forgetting that your time on this planet is limited, as alive humans that is.   Also, I feel that people who claim to read like a book a day or promote it are idiots. You retain nothing. When you do read a good book, you read slow, sometimes a whole paragraph, again and again, dwelling on it, trying to internalize its knowledge. You try to understand. You think. It takes time.   It's better to read a good book 10 times than 1000 stupid ones.   So be choosy. Read from the guys who actually know something, not some wannabe ‘influencers’.   Edit: Think And Grow Rich was written as a result of a project assigned to Napoleon Hill by Andrew Carnegie(the 2nd richest man in recent history). He was asked to study the most successful people on the planet and document which characteristics made them great. He did extensive work in studying hundreds of the most successful people of that time. The result was that little book.   Nowadays some people just study Instagram algorithms and think of themselves as a Dale Carnegie or Anthony Robbins. By Nupur Nishant, Quora Profits from free accurate cryptos signals: https://www.predictmag.com/    
    • there is no avoiding loses to be honest, its just how the market is. you win some and hopefully more, but u do lose some. 
    • $CSCO Cisco Systems stock, nice top of range breakout, from Stocks to Watch at https://stockconsultant.com/?CSCOSEPN Septerna stock watch for a bottom breakout, good upside price gap
    • $CSCO Cisco Systems stock, nice top of range breakout, from Stocks to Watch at https://stockconsultant.com/?CSCOSEPN Septerna stock watch for a bottom breakout, good upside price gap
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.