Metastock Indicator Formula |
Dahl Oscillator |
| I came up with the following to put Dahl into an oscillator format. It is the STOCHRSI formula, replacing RSI with a 55 day Dahl. Does this reflect your thinking on the indicator? It seems to lead changes in Dahl by a period or two, but doesn't seem as fast as the STOCHRSI indicator. Checking a few stocks in my database, there are very few times that it goes below zero, but it will 'peg out' at 100 for significant periods. Perhaps the 14 day smoothing is too short in relation to the 55 period primary indicator. A longer MA period seems to smooth it out significantly, which would seem to defeat the purpose of using an oscillator. |
| Formula: |
Mov((mov(c,55,simp) - ref(mov(c,55,simp),-15)- LLV(mov(c,55,simp) - ref(mov(c,55,simp),-15),14))/(HHV(mov(c,55,simp) - ref(mov(c,55,simp),-15),14)-(LLV(mov(c,55,simp) - ref(mov(c,55,simp),-15),14))),14,E)*100 |
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