Registered User
Joined: 10/7/2004
Posts: 6
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I am trying to code an oscillator in Real Code as a custom indicator that sums the differences between exponential moving averages of 3,5,8,10,12,and 15 days. Stated differently sum the differences between the 3 and 5 day moving averages, the 5 and 8 day moving averages, the 8 and 10 day moving averages, the 10 and 12 moving averages, and the 12 and 15 day moving averages. Plot the sum as a custom indicator. The sum would be an absolute number but if the moving averages were in an uptrend the oscillator would have a positive value and if the moving averages were in a downtrend the the oscillator would have a negative value.
Do the same process for a set of moving averages where the lengths are 30,35,40, 45, 50, and 60 days.
Create another custom indicator that calculates the difference between the sum of the smaller set of moving averages and the sum of the larger set of moving averages.
Thanks
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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QUOTE (TNtrader) I am trying to code an oscillator in Real Code as a custom indicator that sums the differences between exponential moving averages of 3,5,8,10,12,and 15 days. Stated differently sum the differences between the 3 and 5 day moving averages, the 5 and 8 day moving averages, the 8 and 10 day moving averages, the 10 and 12 moving averages, and the 12 and 15 day moving averages. Plot the sum as a custom indicator.
This would produce the same result the 3-Period Exponential Moving Average minus the 15-Period Exponential Moving Average. In other words, an Exponential MACD 3,15. You should be able to just add a MACD to the Charts and adjust its settings as desired. You could then delete Moving Average Signal Line.
Working with Indicators
QUOTE (TNtrader) Do the same process for a set of moving averages where the lengths are 30,35,40, 45, 50, and 60 days.
This would produce the same result the 30-Period Exponential Moving Average minus the 60-Period Exponential Moving Average. In other words, an Exponential MACD 30,60. You could then delete Moving Average Signal Line.
QUOTE (TNtrader) Create another custom indicator that calculates the difference between the sum of the smaller set of moving averages and the sum of the larger set of moving averages.
If you mean the difference between the first two Indicators, just Drag and Drop the MACD with the smaller Moving Averages onto the MACD with the larger Moving Averages and select Plot Comparison | Difference.
Comparison Plots
A more literal interpretation of this request is provided in GMMA indicator.
-Bruce
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