OSMA SLOPE HISTOGRAM ( 10 in 1 ) and RSI T3 SLOPE HISTOGRAM ( 10 in 1 )
HELLO MLADEN, Kindly help to create a MULTI version of the OSMA Slope Histogram. it would have room in the INPUT for 10 different settings of the Osma slope histogram. when the 10 different settings are ALL GREEN the indicator would show GREEN and vice-versa for RED. however when all 10 are NOT showing the same COLOR it would show YELLOW COLOR. I would appreciate if you can do exactly the same ALSO with the RSI T3 SLOPE HISTOGRAM. THANK YOU VERY MUCH for your good work.
Those bars are indicating 2 things :current trend (which in my opinion is the most important) by simply watching which is the current trend and deciding according to the values of the oscillator should one enter or not (or close position if the direction changes)
Little confusion regards to your Elliot Wave oscillator indi - need your clarification!
The colored bars indicate current trend....
Purple is DOWN trend and Yellow is UP trend. Is my understanding correct?
Red is the position of the last price down peak and yellow is the position of the last up price peak when the value breaks the averages
I got that part interms of the price peaks, but from you're initial post quoted above you've also mentioned the occurence of the colored bar as an indication of the current trend - thats 's where need confirmation.
Yes, those are trends but, as you know they will change places as new price peaks are formed, so in a way, they ar at the end of the trend (can not explain simpler, sorry)
Osma histogram - up to 10 osmas ...
This is an osma histogram that can combine up to 10 osma histograms.
Periods are entered in the following form "Fast1,Slow1,Signal1;Fast2,Slow2,Signal2;...;Fast10,Slow10,Signal10" (so periods are separated with "," and groups of periods are separated by ";". In default settings I used only 2 settings the classical 12,26, 9 and 8,17,9 but you can add up to 10 groups of periods
Here is a comparison of this one with default settings and the "osma histogram" indicator.
PS: calculations are done the original Gerald Appel way in this one too
RSI T3 SLOPE HISTOGRAM ( 10 in 1 )
HELLO MLADEN, Thank you very much for the OSMA SLOPE 10 IN 1,it was properly done. Please remember my second request for a similar version using the RSI T3 SLOPE HISTOGRAM. It should also be a 10 in 1 version.THANK YOU for everything.
RSI T3 histogram - multi ...
This is an indicator that can combine up to 10 rsi T3 histograms into one indicator.
Parameters are a bit different in this one (due to the nature of rsi T3). it is rsiperiod1,rsihot1; rsiperiod2,rsihot2; ...; rsiperiod10,rsihot10. Hot fields can be decimal. Also, be careful how many bars on chart you have since this indicator internally uses 150 buffers (arrays)
An example of 1 and 2 rsi t3 histograms combinations as a comparison :
Not sure I understand this last indicator. How do we generate the first one in your image without the yellow bars? Is it another indicator and where do we get this one from? Also I do not understand the input settings you describe above as I cannot see them in this last indicator you posted.
Thank you for any clarifcations!
Leave only one RsiPeriod and Hot (like this :
In that case slope of only one rsi t3 is shown