Comments on: 3/10 Oscillator

By: ThinkScripter

ThinkScripter — Fri, 07 Aug 2009 22:28:23 +0000

Chris,
I’m not having any issues. Try removing and reloading the study.
Eric

By: Chris

Chris — Fri, 07 Aug 2009 17:14:24 +0000

Eric, does this indicator still work, cant get the Zero line to show?

Thanks

By: ThinkScripter

ThinkScripter — Mon, 22 Jun 2009 04:01:29 +0000

Thanks for the addition NOTE: IF YOU CUT AND PASTE THE ABOVE CODE FROM HAXEN YOU WILL HAVE TO REPLACE THE BI-DIRECTIONAL QUOTES AND MINUS SIGNS FOR TOS TO ACCEPT THE CODE.
Eric

By: haxen

haxen — Mon, 22 Jun 2009 03:22:21 +0000

This is a cosmetic duplicate of LBR’s 3/10 oscillator. As ThinkScripter says, it is very simple, all I did was clean it up to look like Linda’s current screen.

declare lower;

input fastLength = 3;
input slowLength = 10;
input MACDLength = 16;

def fastAvg = Average(data = close, length = fastLength);
def slowAvg = Average(data = close, length = slowLength);

plot Value = fastAvg – slowAvg;
plot Avg = Average(data = Value, length = MACDLength);
plot Diff = fastAvg – slowAvg;
plot ZeroLine = 0;

Value.SetDefaultColor(GetColor(1));
Avg.SetDefaultColor(GetColor(8));
Diff.SetDefaultColor(GetColor(5));
Diff.SetPaintingStrategy(PaintingStrategy.HISTOGRAM);
Diff.DefineColor(“Positive”, Color.UPTICK);
Diff.DefineColor(“Negative”, Color.DOWNTICK);
Diff.AssignValueColor(if diff >= 0 then Diff.color(“Positive”) else Diff.color(“Negative”));
ZeroLine.SetDefaultColor(GetColor(0));

By: ThinkScripter

ThinkScripter — Tue, 07 Apr 2009 19:39:42 +0000

When I coded the study, I felt that there was more value added to having a histogram of the difference. To simply fill the oscillator with lines adds no new information. When you plot the delta as a histogram you are now getting a unique new representation of some of the data. The great thing is, it is easy to modify to suit your desires.