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There is a very interesting application of OscP() function.
Increase n1, n2 by +1 and take the difference of the respective OscPs
with
//Price Oscillator difference
n1=19;n2=39;
p1=OscP(n1,n2);p2=OscP(n1+1,n2+1);
Plot(100*(p1-p2),"Osc Diff",1,8);
Note that :
a. The peaks/troughs of OscDiff match perfectly with the price
peaks/troughs.
b. There are some excellent divergences anticipating the main trend
changes.
One of the most important was the ^NDX Nov6-Nov25 2002 bearish
divergence and the very next Dec31 2002-Feb7, 2003 bullish one, the
most optimistic signal for this [almost one year] recent ^NDX bullish
trend.
See also the great bullish signal of ^N225 on Apr28, 2003 and the
bearish signal on Jan20, 2004, one valuable bar BEFORE the StochD/RSI
divergence we discussed two weeks ago.
Dimitris Tsokakis
--- In amibroker@xxxxxxxxxxxxxxx, "Rik Rasmussen" <hrasmussen@xxxx>
wrote:
> Almost identical plot. When multiplied by 100 is almost same item,
slight
> difference.
>
> Thanks
>
> Rik Rasmussen
>
> -----Original Message-----
> From: Rik Rasmussen [mailto:hrasmussen@x...]
> Sent: Saturday, January 31, 2004 11:03 PM
> To: amibroker@xxxxxxxxxxxxxxx
> Subject: RE: [amibroker] Price Oscillator
>
>
> Thanks, I'll check it out.
>
> Rik Rasmussen
>
> -----Original Message-----
> From: Dave Merrill [mailto:dmerrill@x...]
> Sent: Saturday, January 31, 2004 8:26 PM
> To: amibroker@xxxxxxxxxxxxxxx
> Subject: RE: [amibroker] Price Oscillator
>
>
> FYI, there's a built in function, OscP(fast, slow) that does
exactly
> this, except it's expressed as percentage, so it multiplies by 100
instead
> of 10000.
>
> Dave
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