3/10 Oscillator Information

[cpatte7372]

Hello,

Can some provide me with links to where I can get information on the 3/10 oscillator?

Thanks

Carlton

[DuaneG]

Hi Carlton,

There are several good books regarding the 3/10 oscillator. As far as online information regarding basic use of the study itself, you may want to click here to read up on it. I hope this helps.

[cpatte7372]

Duane,

Thats the article that led me to investigate the 3/10 Oscillator in more depth. Its a good article but its lacking in detail.

Thanks anyway.

Carlton

[Lancer]

Carlton, attached is an EFS that plots the 3-10 oscillator (Moving Average Oscillator, aka Price Oscillator). The oscillator plots the difference between a fast and slow moving average. It is the same as a MACD (price oscillator line) except that it uses SIMPLE instead of EXPONENTIAL to calculate values, and you can change the MA lengths. For the purposes of identifying price-study divergences, I find that SIMPLE produces better results than EXPONENTIAL.

For additional perspective, in the same study pane you can apply a MACD or another price oscillator with a different set of values to give you a fast-slow pair.

If you are looking for info. links, do a Google search for "Price Oscillator" or "Moving Average Oscillator".

Here's a couple:

http://www.equis.com/Education/TAAZ/?page=94

http://www.paritech.com/education/technical/indicators/momentum/price1.asp

http://www.stockcharts.com/education/IndicatorAnalysis/indic_priceOscillator.html

[cpatte7372]

Lancer,

Thanks for the study, mate. However, I can I use this formula to identify price-study divergences?

Cheers

Carlton

[Anson]

Originally posted by cpatte7372
Lancer,

Thanks for the study, mate. However, I can I use this formula to identify price-study divergences?

Cheers

Carlton

Hi Carlton,

I'm certainly no expert but divergence analysis is a big part of my own trading. And I use the 3/10 oscillator (have not tried the one on eSignal but should be similar) together with the CCI for this purpose. It is responsive unlike many laggy indicators out there.

Have a good weekend,
Anson

[cpatte7372]

Hello Anson,


Thanks for your comments. However, I'm not sure what you're trying to say.

Cheers


Carlton

[Lancer]

Carlton, yes you can use the 3-10 oscillator to identify price-study divergences.

[cpatte7372]

Lancer,

Actually, I was hoping it would highlight when bullish divergence occured, similar to the attached divergence. If you could tweak your script to identify when a bullish divergence occurs with a coloured line that would be great.

Hopefully, the attached script helps.

Cheers

Carlton

[Lancer]

If you want that, it's best to ask Chris Kryza (author of that divergence detector script you posted). His nick in this forum is ckryza. If willing, he could easily add the Price Oscillator as one of the optional studies.

[cpatte7372]

OK, Lancer,

Thanks a lot. Hopefully, Chris will see this post and help out.

Cheers

Carlton