DT Oscillator

ThinkScripter — Sun, 18 Oct 2009 03:21:52 +0000

Here’s a Saturday evening quickie. Lou dropped into the forum last week looking for a simple thinkScript conversion of the DT Oscillator code he had. It’s pretty basic but I thought I’d post it here in case you missed it in the forum. In essence it is just another version of the Stochastic RSI. I’ve been a bit quiet these days in the forum as I have spent a fair amount of time deep in the ThinkScripter laboratory cooking up some new goodies for you all. A careful examination of the price pane will reveal that the daily version of the Volume Profile is nearly complete. Stay tuned….

DT Oscillator

# TS_DTOscillator thinkScript translation by ThinkScripter # http://www.thinkscripter.com # thinkscripter@gmail.com # Last Update 15 OCT 2009


declare lower;
input RSIPeriod = 13;

input StochasticPeriod=8;

input MAType = {default SMA,EMA};

input KPeriod = 5;

input DPeriod = 3;

input upper = 70;

input lower = 30;
def StoRSI= 100*(( RSIWilder( RSIPeriod) - lowest( RSIWilder( RSIPeriod ) , StochasticPeriod ) ) / ( (

highest( RSIWilder( RSIPeriod) , StochasticPeriod ) ) - lowest(RSIWilder( RSIPeriod ), StochasticPeriod ) )

);
def SK;

def SD;
Switch (MAType){

case SMA:

SK=average(StoRSI,KPeriod);

SD=average(SK,Dperiod);

case EMA:

SK=ExpAverage(StoRSI,KPeriod);

SD=ExpAverage(SK,DPeriod);

}

Plot DTOscSK = SK; DTOscSK.setDefaultColor(color.blue); plot DTOscSD = SD; DTOscSD.setDefaultCOlor(color.gray); DTOscSD.setStyle(curve.SHORT_DASH); plot zero = 50; zero.setDefaultColor(color.white); plot UpperL = upper; UpperL.setDefaultColor(color.red); plot LowerL = lower; lowerL.setDefaultColor(color.green);

ThinkScripter - Custom ThinkScript Indicators for thinkorswim » DT Oscillator

DT Oscillator