Chapter 12, Part VI. Detrended Oscillator and Momentum Indicator. - Q&A

I have a surprise for you. Attached is Sive's personal version of the DOSC indicator for MT4. He paid to have it custom written. He's checked the math and is sure that it works.

To use this copy of DOSC, do the following...
Download the file. You will need to be logged into your forums account to do this.
Put it in the experts/indicators subfolder of your copy of MT4.
Restart MT4.
Pick the chart you want to attach it to.
Click Charts, Indicators, Custom. Select DOSC.

 

Hi Sive,
The example for weekly chart above uses 7 bar. Would you recommend, the DOSC period number to be used on daily chart. Or perhaps H4.

Thanks

 

Hi Fanioz,
I use 7-period parameter for all time frames, but, I rare look at overbought/oversold on intraday charts. You may try others - it could be different, depending on trading style.

 

estimating extreme using momentum

Hi Sive,

To estimate extreme using momentum say on a weekly chart do I follow exactly the same method you used for the DOSC?
That is average 2-3 extreme and use 90%?

Thanks.

 

Yes, method is the same. You can vary as with DOSC the percents from extreme. But it should be not less than 75-80%.

 

Thanks Sive! much appreciated !

DG

 

Thank you very much

 

Many thanks for your generous gift.

Kind thought

 

Detrend Oscillator for NinjaTrader or Trade Navigator

Hello Sive,

Is there a way I can get this Indicators to work on either NinjaTrader or Trade Navigator?

Thanks Sazu