Oscillator

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Hello. I'm a professional, I've been peeking at the metatrader moving average of oscillator indicator while using my actual models. I'm wondering what the formula is if anyone can tell me. If so, I might want to give my humble opinion on it when I know what the calculations are if anyone is interested. I like the views in here and hope to contribute more going forward. I really appreciate your feedback.

 
006:
Hello. I'm a professional, I've been peeking at the metatrader moving average of oscillator indicator while using my actual models. I'm wondering what the formula is if anyone can tell me. If so, I might want to give my humble opinion on it when I know what the calculations are if anyone is interested. I like the views in here and hope to contribute more going forward. I really appreciate your feedback.

Hi,

You ask about the formula of the OsMA?

If yes, the formula is:

Diff = EMA (FastEMALen,Close) - EMA (SlowEMALen,Close);

Sig = SMA (SignalSMALen, Diff);

OsMA = Diff-Sig;

Igor

 

Thank you

Thank you for the prompt reply. I want to say I've found this indicator can be very useful, but in the end the macd histogram and a few others will give the same market perceptioin just with varying chopiness depending on smoothing. The one flaw in the two mentioned is that they will be very good most of the time and then reflect a shift in bias that doesn't stick and not pick up the original bias continuation at all, leaving the trader getting run over by a train. This is not an easy business indeed.

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