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Old 26-11-2016, 01:36 PM
no1lives4ever no1lives4ever is offline
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Default 3-10 Momentum Oscillator

Here is the code for the 3-10 Momentum Oscillator that Dr. Gary Dayton talks about in some of his courses.

Some more background.. https://tradingpsychologyedge.com/mo...-oscillator-2/ (I dont have this course, I found the details of how the oscillator is constructed elsewhere).

The oscillator consists of 2 lines:

3-10 line and the trend line.

The 3-10 line is the difference of the 3 period sma of close and the 10 period sma of colse. This can also be looked at as the fast line in other similar oscillators.

The trend line is a 16 period average of the 3-10 line. This can be used to gauge trend.

The idea is to buy when the trend line is above the zero line, while the 3-10 line makes a low along with a pullback in price. Opp rule for sell. This indicator can help you identify pullbacks and trend direction.

copy/paste the following into a new indicator in amibroker and then add it as a new pane.

This is similar to a macd indicator, but in place of ema, it uses SMA.

Code:
threeMA = MA(C, 3);
tenMA = MA(C, 10);
threeTen = threeMA - tenMA;
trendLine = MA(threeTen, 10);

Plot(threeTen, "3-10 Line", colorGreen, styleLine, Null, Null, 0, 0, 2);
Plot(threeTen, "3-10 Line", colorGreen, styleHistogram + styleNoLabel, Null, Null, 0, 0, 2);
Plot(trendLine, "Trend Line", colorBlue, styleLine, Null, Null, 0, 0, 2);
Plot(0, "0 Line", colorGrey40, styleDashed + styleNoLabel, Null, Null, 0, 0, 2);
-- no1lives4ever
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Old 26-11-2016, 04:21 PM
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Any Screenshot ?? That would do better in understanding this ,..!!
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Old 26-11-2016, 04:38 PM
no1lives4ever no1lives4ever is offline
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Originally Posted by Darshiit View Post
Any Screenshot ?? That would do better in understanding this ,..!!

This doesnt look that good on the chart

-- no1lives4ever
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Old 28-11-2016, 11:26 AM
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Originally Posted by Darshiit View Post
Any Screenshot ?? That would do better in understanding this ,..!!

Have look at bottom panel of chart , its same , named LBR 3-10 Oscillator found for NT8 here

Osc310.png

http://ninjatrader.com/support/forum...catid=7&sort=d
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Last edited by devdas; 28-11-2016 at 11:29 AM.
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Old 28-11-2016, 11:38 AM
no1lives4ever no1lives4ever is offline
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Originally Posted by devdas View Post
Have look at bottom panel of chart , its same , named LBR 3-10 Oscillator found for NT8 here

Attachment 7862

http://ninjatrader.com/support/forum...catid=7&sort=d

Yea, this is the same as the LBR's 3-10 oscillator.

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Old 29-11-2016, 01:13 PM
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an excellent indicator to keep the trades disciplined (provided you know how to use it)


regds,s
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Old 29-11-2016, 05:29 PM
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Originally Posted by sherbaaz View Post
an excellent indicator to keep the trades disciplined (provided you know how to use it)


regds,s

Sir,

take some time out from your busy schedule, and keep posting regularly, we are getting immensely benefited.
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Old 30-11-2016, 09:14 AM
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30-11-16 NF3M


regds,s
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