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Derivative Oscillator


L W
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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")

derivative-oscillator.png.a5bc9499ffd12173da1392c544be7fba.png

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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.

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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

 

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