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Rahul Mohindar Oscillator - page 3

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Tarpan
657
Tarpan  

SIMBA:

Overlaying Stochastic CCI early posted by Fxbs (only the blue line, choose none color for red) seems that provides an early heads up in 4 H chart.

Regards,

SIMBA
2078
SIMBA  
fxnewbie:
SIMBA:

Overlaying Stochastic CCI early posted by Fxbs (only the blue line, choose none color for red) seems that provides an early heads up in 4 H chart.

Regards,

Good,

Early heads up in H4 is interesting when you have h1 at the extreme too,since this area usually marks the actual top or bottom.

The method was not designed to pick tops or bottoms,since its actual strength lies in WAITING for H4 to be clearly finished and then looking to H1(you can use m15 or m30 too,once h4 is "young and going" anything from m15 up will work well to time entries and reentries,just get the feel for the pair you are trading,but h1 is usually safer) for sweet spots to enter with low risk in the direction of the new trend,but,obviously ,if you think stochCCI can reduce the risk of premature entries and add some top/bottom catching "flavour",then it will be very interesting if you could post that indicator here with some pics to illustrate your idea.

Thanks

S

Tarpan
657
Tarpan  

shure

Seems good so far, but only in 4H tf...

Files:
chart_3.gif 50 kb
Tarpan
657
Tarpan  

And the indy...

I know wat you mean. This will prepare for a change trend, more acuity percived in 1 H. tf.

Files:
SIMBA
2078
SIMBA  

Actual entry

This morning we had a signal as per the DTOsc method,a short in GBPUSD.

Additionally,Weekly R1 was lurking slightly above the entry point,so,I waited for price action to confirm that the short was indeed a high probability one,which it did when price touched the R1,twice,and then proceeded to close below the R1(Blue horizontal line) I went short at 1.6550.

Common sense is the most useful quality when manual trading,so,in this case my stop is a Close above the R1(1.6570) and my target is either a touch of the weekly Pivot(1.6439) or an Oversold Dtosc(touching 10,or turning below 20)...Additionally,there is a potential support area at 1.6465/70,so,if I see price touching that area and DTOsc is already at or below 20,I will probably take my profits there.

Well,enough is said about DTOsc,I am feeling that this is the perfect moment to say bye,and leave the thread for those who want to discuss the Rahul oscillator,hopefully my temporary hijack of the thread(upon request )did not ruffle any feathers

Regards

S

Files:
gbpusd_4.gif 66 kb
Tarpan
657
Tarpan  

Tks. A lot for "hijacking" this thread, S.

Regards,

fxbs
3203
fxbs  
mladen:
Metastock code of RMO (depth 10)

Lime line == SwingTrd 2

Dotted gold line == SwingTrd 3

_____________________

Feel free to compare metastock and metatrader values for calculated RMO (after all, it should not be too difficult)

like Tartan's old RoundPrice? (not t3) : ))))

oh, yea, within the HH LL...

remember, Bookkeeper's MA distance from HiLo channel ratio?

turned out simple AO shows basically same thing ... demit

BO - MQL4 Code Base

fxbs
3203
fxbs  
SIMBA:
fxbs,

Yes,I mean DT Oscillator coded by mladen,the second version he did with MTF capabilities,I just use it,standard settings, on 2 timeframes,H4 and H1 with these rules :Always fixate your attention on the red lines,you can even delete the blue ones if they distract you.

1-WAIT until H4 has confirmed a turn or flattened for 2 H4 bars above/below an extreme..How do I define extreme for H4?...Easy,below 20 or above 80...for the example used,we see that H4 has confirmed a turn,at bar close,above 80.

2-WAIT until H1(red line) either touches the limit(0,100) or turns above the extremes..which,for H1 are 10,90..then enter at bar close...In the example we enter at the arrow bar close,or next bar`s open,due to the fact that we needed that bar for h4 confirmation of a turn,so,at that bar we had BOTH the H4 flattening and H1 turning above 90..so,it is an entry.

3-Exits:H1 touch of the other extreme is a good area for tp,as is taking partial profits moving Sl at entry after 40 pips(use approx 1 ATR(100) on H1 of the pair you are trading plus common sense to finetune it )... use for initial stop a H1 bar close 2 ATR(100) above high of entry bar(for shorts) or below its low(for longs)...I always use initial stops at bar close ,so,if you don`t like this method of stops,just use 3 ATR(100) for stops...FYI at this moment GBPUSD ATR(100) on H1 is 33 pips,so,initially, you will be using stops of 66/99 pips and,usually,this volatility will correlate with targets of 100/150 pips in pairs like GBPUSD,and once your first TP is reached,after 40 pips,the risk on initial entry of the rest of the position will be 0(in theory ..usually it will be in practice too )...I haven`t done an EA so,my numbers are just derived from manual trading it(and improvable),I would say that the expected NET payoff is,on average 1.3 ATR per trade,so,if you do 100 trades in GU with this method and ATR keeps being 33 pips you can expect an average of 40/45 pips per trade NET((total wins-total losses)/number of trades)

4-Reentries:Usuallythe first reentry gives very good trades,for H4 you just need it to be sloping down(following our short example) and above 20(so that it still hasn`t reached an oversold area) and for H1 you need the same rules as for the first entry.

Additional comments:You can use them as standalone method,or you can add a 200 ema/sma to decide about trend,or you can add,as I do,Longer term Cycles or whatever you feel comfortable with,BUT it will be the combo of H1,H4 for DTOsc that will give you very good and safe entries.

NOTE:gbpusd.gif shows a typical first entry,gbpusd2.gif shows a typical reentry,and I have attached mladen`s indicator .

Regards

S

thank you, Simba - and big thanks for sharing your work, analisys, results

Mladen Rakic
70997
Mladen Rakic  

...

Nothing unusual I know, but needs to be posted...

____________________________________

If you look at the code I posted at post #9, you will find a line that looks like this (at the beginning of the code) "originaly developed by : ????????". The intention of that line was not to mock or to disrespect anybody, but simply at the time when I coded it I did not know who developed that indicator.

____________________________________

Normally, I would look for additional info, but this one was simply clouded in "this and that". Oh well, I did right not to write the name that is usually associated with that indicator. The original indicator was developed by Mel Widner and described in July 1997 issue of TASC, and the code was then published in August 1997 issue of TASC by Allan J. McNichol.

What happened after that is more or less a usual story. I will just quote one comment from Equis International forum (metastock "makers") :

We know the formula for the RMO Oscillator is EXACTLY the same as the Rainbow Oscillator that was first introduced tot he world in 1997 (see http://www.traders.com/Documentation/FEEDbk_docs/Archive/0897/TradersTips/Tips9708.html#anchor203073)

Since then another has taken upon himself to exploit the exisitng code and re-badge it as his own (I am suspicious that he came up with it himself as the way it is presented in the TASC article and they way he has written the code is, line by line, identical - - coincidence? Personally, I don't believe so).

(link from the above quote does not work, but I did not want to change anything in that quote, instead I attached the document that link should point to) Attached are the documents with Rainbow oscillator formula for metastock and the original article where Mel Widner introduced that indicator. Enjoy. After all these, what does RMO stand for?

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But wait, there is more : some time ago I posted a code based on an article made by Jose Cruset(MasTrend -here https://www.mql5.com/en/forum/172972/page8 ) Now, please take some time and look at Widners article and you will find an origin for Jose Cruset's indicators too (even the names).

privateer
76
privateer  

RMO with Alert

Hi does any one have RMO indicator with zero cross Alert.

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