OPEN-SOURCE SCRIPT
Dynamic Momentum Oscillator (DYNAMO) by M.YALCIN
In July 1996 Futures magazine, E. Marshall Wall introduces the Dynamic Momentum Oscillator (Dynamo). Please refer to this article for interpretation.
The Dynamo oscillator is a normalizing function that adjusts the values of a standard oscillator for trendiness by taking the difference between the value of the oscillator and a moving average of the oscillator and then subtracting that value from the oscillator midpoint.
Dynamo Oscillator is calculated according to:
Dynamo = Mc - ( MAo - O )
where:
Mc = the midpoint of the oscillator
MAo = a moving average of the oscillator
O = the oscillator
Usage:
This concept can be applied to most oscillators to improve their results.
This example applies it to an RSI oscillator in MetaStock:
50-(Mov(RSI(14),21,S)-RSI(14))
where:
Mc = RSI's midpoint = 50
MAo = Moving average of the RSI = Mov(RSI(14),21,S
O= RSI Oscillator = RSI(14)
Also with this indicator, you can adjust the moving average type and RSI calculation types dynamically.
The Dynamo oscillator is a normalizing function that adjusts the values of a standard oscillator for trendiness by taking the difference between the value of the oscillator and a moving average of the oscillator and then subtracting that value from the oscillator midpoint.
Dynamo Oscillator is calculated according to:
Dynamo = Mc - ( MAo - O )
where:
Mc = the midpoint of the oscillator
MAo = a moving average of the oscillator
O = the oscillator
Usage:
This concept can be applied to most oscillators to improve their results.
This example applies it to an RSI oscillator in MetaStock:
50-(Mov(RSI(14),21,S)-RSI(14))
where:
Mc = RSI's midpoint = 50
MAo = Moving average of the RSI = Mov(RSI(14),21,S
O= RSI Oscillator = RSI(14)
Also with this indicator, you can adjust the moving average type and RSI calculation types dynamically.
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Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Skrip sumber terbuka
Dalam semangat TradingView sebenar, pencipta skrip ini telah menjadikannya sumber terbuka, jadi pedagang boleh menilai dan mengesahkan kefungsiannya. Terima kasih kepada penulis! Walaupuan anda boleh menggunakan secara percuma, ingat bahawa penerbitan semula kod ini tertakluk kepada Peraturan Dalaman.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.