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Oscillator that flattens out at 0 or 100 during strong trend


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  #1 (permalink)
 msedlak40 
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Does anyone know of an oscillator that will flatten out at 0 or 100 during strong trending moves? I've attached a picture for reference.

Thank you,
Mark

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 wldman 
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the one in your pic?

It would be helpful if the name and possibly the settings of the displayed indicator where visible. I think you could create an oscillator where the settings maxed out at specific levels. The trick then would be how do you determine what levels to use.

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 msedlak40 
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Yes, the one in my pic is the one I'm trying to replicate. It is an indicator package that I purchased, and I like the way it works. It is called TSLine. There are no options to input settings as they are locked at a default. I would like to develop an auto strategy with it, but can not do that unless I know what it is. Any help is appreciated.

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 Silvester17 
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msedlak40 View Post
Does anyone know of an oscillator that will flatten out at 0 or 100 during strong trending moves? I've attached a picture for reference.

Thank you,
Mark

one that comes to mind is one of the williams family:




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 treydog999 
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msedlak40 View Post
Does anyone know of an oscillator that will flatten out at 0 or 100 during strong trending moves? I've attached a picture for reference.

Thank you,
Mark

All that means is that the indicator is bounded. I dont think that's enough to deduce the exact answer though.

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 msedlak40 
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Thank you. The Williams indicator looks pretty close.

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 shodson 
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RSI is another popular bound indicator (0-100) but doesn't stay at 0 or 100 for very long, so most people use an upper and lower bound that interests them, like 10 and 90 in this RSI(2) example.

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 Fat Tails 
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I have seen something like this before, but cannot remember exactly where.

The only approximation that comes to my mind, is a smoothed inverse FisherTransform indicator.

The chart is attached and can be built with two NinjaTrader default indicators.

It is not identical but comes close.



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 RonKiker 
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msedlak40,

I use a version of what FatTails described. I have two Inverse Fisher Transforms in the same panel. One is a 2-period, the other is a 5-period. I've adjusted the uptrend/downtrend thresholds to .80/-.80. When trending the two indis will hold above/below the thresholds.

I use the faster/shorter of the two as sort of an early warning signal of potential trend which is confirmed when the slower moves beyond the threshold. The faster also gives an early warning of trend ending when it moves back inside the thresholds.

The default thresholds in the Inverse Fisher are .5/-.5. Don't use those as a trend signal. Wait till they move beyond at least .7/-.7.

Ron

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 RonKiker 
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msedlak40,

Here is an indicator that I quickly threw together. It combines two Inverse Fishers into a single indi, allows you to set period lengths and trend threshold, and colors the back ground when one or both Inverse Fishers are beyond the threshold.

I am a rookie at writing indicators, so no guarantees.

Ron

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