StockFetcher Forums · Filter Exchange · Help with creating a weekly derivative oscillator<< >>Post Follow-up
graftonian
1,089 posts
msg #137361
Ignore graftonian
8/4/2017 2:49:24 PM

Can anyone verify the logic used here, and what parameters should be used?
In looking over the results, there seems to be some unwarranted peaks and valleys.
I am trying to emulate the charts in the Trading Wealth blog, brought to my attention by that
wily wiver wat, John. Looking forward to your comments.
Chachi

Fetcher[
/*weekly derivative oscillator*/
SET{WR1, CEMA(WEEKLY RSI(14), 5)}
SET{WR2, CEMA(WR1, 5)}
SET{WSIGNAL, CMA(WR2, 14)}
SET{WDERIV_OSC, WR2 - WSIGNAL}

draw weekly MACD(10,24,8)
PlotType{wderiv_osc, zerobar}
DRAW WDERIV_OSC AND ADD COLUMN WDERIV_OSC
draw wderiv_osc line at 0

chart-display is weekly
chart-time is 2 years
]



StockFetcher Forums · Filter Exchange · Help with creating a weekly derivative oscillator<< >>Post Follow-up

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