Derivative Oscillator

[Laurus12]

Hi guys! Could you please make this one?

This is another indicator by Constance Brown. The Derivative Oscillator is a triple smoothed RSI that incorporates two EMA's and one SMA. It was specifically developed to resolve problems associated with complex market corrections where data becomes choppy and congested. Second, it was developed for reentering when there is a very strong trend. Both problems would seem contradictive, but in fact it can be used as a guide in both environments. It is meant to be used with mentioned environments and not all the time. It is not recommended in time frames below 30min.

The TradeStation formula is:
Input: LENGTH(14),PERIOD(9),PERIOD2(45);
Plot1((XAverage(XAverage((RSI(Close,14)),5),3))-(Average
(XAverage(XAverage((RSI(Close,14)),5),3),9)),"Plot")

The result is charted as a histogram.
For currency, a 45-period simple average, rather than 9, would be useful.

Thanks.

[Nikolay.Gekht]

viewtopic.php?f=17&t=537

[Laurus12]

I have no words Nikolay. You are the best

[Nikolay.Gekht]

Thank you!