Derivative Oscillator

[L W]

Can we get the Derivative Oscillator? I have the book by Constance Brown and thought it would be great in MT.

Thank you, LW

http://74.52.98.35/code/viewtopic.php?f=27&t=536

http://fxcodebase.com/code/viewtopic.php?f=17&t=537

https://help.tc2000.com/m/69404/l/745291-derivative-oscillator

https://www.marketvolume.com/technicalanalysis/derivativeoscillator.asp

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")

[Jerry Medved]

sorry missed before. Will look

[Mike Medved]

Will be in next beta. Not today's - but next one.

[L W]

Mike,

I think it's backwards.   When stock goes up the bars on this Derivative Oscillator are going down. Also if it goes down bars are going up green. Should be the other way around. Stocks goes up bars on Derivative Oscillator are green.  Stock down Derivative Oscillator red.

[Mike Medved]

You're absolutely right. I inverted the last step. Will fix it and it will be in next beta.

[L W]

Mike,

Hello.  I've notice that the Derivative Oscillator in MT is about 1 bar behind what I see on internet.  I played around some with it and found changing N2 Period has no effect on the histogram. Could that be the reason why it's one bar behind?

Thanks LW

 

[Mike Medved]

The N2 parameter was being ignored (was same as N1). I changed that. Maybe that is what was causing it.

[L W]

Excellent Mike! Thank you.