SHO - Simple Harmonic Oscillator
March 15, 2019, 10:35 AM
Indicators
4 Comments
SHO – Simple Harmonic Oscillator
A Time Cycle Oscillator – Published on IFTA Journal 2018 by Akram El Sherbini (pages 80-84)
(http://www.ftaa.org.hk/Files/2018130101754DGQ1JB2OUG.pdf)
Bullish signals are generated when SHO crosses over 0
Bearish signals are generated when SHO crosses under 0
- OverBought level is 40
- OverSold level is -40
- ExtremeOB level is 60
- ExtremeOS level is -60
As with most oscillators, divergences can be taken advantage of.
DEFPARAM CalculateOnLastBars = 1000
//EmaPeriod = 14 //Number of Periods of the EMA
EmaPeriods = max(2,min(999,EmaPeriods)) //range 2-999
//
EmaPeriods = 14
Cy = close[1]
Vt = close - Cy
Vy = Vt[1]
Att = Vt - Vy
Ema = average[EmaPeriods,1](Att)
Tt = sqrt(abs(Vt/Ema))
Ti = ((close > Cy) * Tt) OR (((close <= Cy) * Tt) * -1)
Vp = average[EmaPeriods,1](Ti)
Tp = average[EmaPeriods,1](Tt)
Sho = Vp / Tp * 100
RETURN Sho AS "Sho",0 AS "0",60 AS "ExtremeOB",40 AS "Ob",-40 AS "Os",-60 AS "ExtremeOS"
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SHO-Simple-Harmonic-Oscillator.txt
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Roberto
https://www.ots-onlinetradingsoftware.com
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