How to use: Wait for the purple lines to expand, showing a over sold or bought condition. When the red line crosses through the top or bottom purple band, go long or short.

[ajax358]

Well, your "directions" were of no help at all.
And, as I already stated, & you obviously did not follow your own directions "to read", and that I found it out on 'my own' when went to TS techies, & that had nothing to do with you & was before your post.
Seems there is allot of ego here. Is funny actually, but ya know....truths have been said; the point has been made; the solution is at hand; enough said, & end of topic. Anymore on this is topic is just ego & self centeredness.
I wish you well, & still thank you for all your helpful posts & indicators in the past......

[onesmith]

MMS, just so you know regarding quanity vs quality. I don't share random thoughts (like the sample below) because TL is overrun with vendor spam. If you boot me now it will save me the time I intend to spend calling out the flagrant violators. So bring it on if you're certain quantity trumps quality and aren't going to hold vendors accountable to pargraph 5 of the forum guidelines, ...or rewrite p 5 so everyone knows up front where the lines drawn.


RubberBand.eld reworked until everything fits conceptual norms ...except the wit (what_is_this) var. Anyone recognize the math behind wit or have an intuitive name that identifies wit's conceptual basis? ...this rewrite returns same values as original version.

input: fastLen(5), slowLen(35), medLen(10), multiplier(1);
var: fast(c), slow(c), fWt(2/(fastLen+1)), sWt(2/(slowLen+1)), mWt(2/(medLen+1)), osc(0), wit(0);

fast=fast*(1-fWt)+fWt*c;
slow=slow*(1-sWt)+sWt*c;
osc=100*(fast/slow-1);
wit=absvalue(wit)*(1-mWt)+mWt*osc*multiplier;

plot1(osc,"osc");
plot2(wit,"wit");
plot3(-wit,"-wit");

[BlueHorseshoe]

Originally Posted by jficquette »

FWIW, readings of less then 5 of either dmi line, + or - tend to show reversal areas.

Thanks for an interesting idea - I'd never considered using the DMI in this way. Just shows how brainwashed we can be into using an indicator in a particular way. Cheers.