OPEN-SOURCE SCRIPT
Derivative Oscillator Cu [ID: AC-P]
The "AC-P" version of the Derivative Oscillator is my personal customized version of Constance Brown's Derivative Oscillator (using Everget's implementation of it as the base), with the the following modifications and additions:
This indicator is a hybrid, with a combination of leading indicators and lagging trending indicators combined into one. Specifically, a few of the other indicators I use are lacking in the momentum and trend department, and this is one of the indicators I use to address that:
* VWAP provides trend information on lower timeframes from a high timeframe interval (D)
* Coral Trend provides additional confirmation to VWAP trend wise, and is adjustable
* Waddah Attar Explosion provides a third level of confirmation for trending moves, taking into account shorter and longer timeframes (FastEMA and SlowEMA parameters).
Script base for the Derivative Oscillator is credited to Everget (tradingview.com/script/b1qim2XB-Derivative-Oscillator/) and LazyBear (tradingview.com/script/6wfwJ6To-Indicator-Derivative-Oscillator/).
Source attribution to Constance Brown for the Derivative Oscillator formula/indicator:
*// Brown, Constance.
*// Reference 1: “The Derivative Oscillator: a New Approach to an Old Problem,” Journal of Technical Analysis (Winter-Spring 1994) 45–61.
*// Reference 2: Technical Analysis for the Trading Professional. New York, NY: McGraw-Hill, 1999.
Information on the Derivative Oscillator:
* investopedia.com/terms/d/derivative-oscillator.asp
- VWAP Indication - option to show whether the price input option is above or below the Daily VWAP (red triangles = price input is below vwap, green triangles = price input is above vwap)
- Bullish and Bearish phases from shayankm's Waddah Attar Explosion V2 (tradingview.com/script/d9IjcYyS-Waddah-Attar-Explosion-V2-SHK/) is included as indication dots (bullish = blue dots, bearish = yellow dots) below/above the Derivative Oscillator histogram
- Coral Trend from Lazybear (tradingview.com/script/qyUwc2Al-Coral-Trend-Indicator-LazyBear/) is included as indication dots (red/green dots below/above the Derivative Oscillator histogram
- Input source options for vwap, Waddah components (MACD, Bollinger Upper/Lower)
- Centerline option for Coral trend, and Horizontal center option for the Derivative Oscillator with circle indication (optional - provided as option for flexibility in use with overlaying with other indicators)
This indicator is a hybrid, with a combination of leading indicators and lagging trending indicators combined into one. Specifically, a few of the other indicators I use are lacking in the momentum and trend department, and this is one of the indicators I use to address that:
* VWAP provides trend information on lower timeframes from a high timeframe interval (D)
* Coral Trend provides additional confirmation to VWAP trend wise, and is adjustable
* Waddah Attar Explosion provides a third level of confirmation for trending moves, taking into account shorter and longer timeframes (FastEMA and SlowEMA parameters).
Script base for the Derivative Oscillator is credited to Everget (tradingview.com/script/b1qim2XB-Derivative-Oscillator/) and LazyBear (tradingview.com/script/6wfwJ6To-Indicator-Derivative-Oscillator/).
Source attribution to Constance Brown for the Derivative Oscillator formula/indicator:
*// Brown, Constance.
*// Reference 1: “The Derivative Oscillator: a New Approach to an Old Problem,” Journal of Technical Analysis (Winter-Spring 1994) 45–61.
*// Reference 2: Technical Analysis for the Trading Professional. New York, NY: McGraw-Hill, 1999.
Information on the Derivative Oscillator:
* investopedia.com/terms/d/derivative-oscillator.asp
Open-source Skript
Ganz im Sinne von TradingView hat dieser Autor sein/ihr Script als Open-Source veröffentlicht. Auf diese Weise können nun auch andere Trader das Script rezensieren und die Funktionalität überprüfen. Vielen Dank an den Autor! Sie können das Script kostenlos verwenden, aber eine Wiederveröffentlichung des Codes unterliegt unseren Hausregeln.
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.
Open-source Skript
Ganz im Sinne von TradingView hat dieser Autor sein/ihr Script als Open-Source veröffentlicht. Auf diese Weise können nun auch andere Trader das Script rezensieren und die Funktionalität überprüfen. Vielen Dank an den Autor! Sie können das Script kostenlos verwenden, aber eine Wiederveröffentlichung des Codes unterliegt unseren Hausregeln.
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.