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Pivot Detector Oscillator by Giorgos E. Siligardos

From Giorgos Siligardos' article in the July 2009 Stocks & Commodities, "The Pivot Detector
Oscillator, Simplified". To create the PIDosc open Indicator Builder and create a new indicator with the following:

Pivot Detector Oscillator

{by Giorgos E. Siligardos}
If(bull,(RSI(14)-35)/(85-35), (RSI(14)-20)/(70-20))*100;


To create an Expert Advisor for showing the PID signals do the following: Open The Expert Advisor and create a new expert:

Name: PID signals
Notes: by Giorgos E. Siligardos



Create two Symbols:

First symbol:


PID buy signal

PIDosc:=Fml("Pivot Detector Oscillator");
Graphic: Buy Arrow
Color: Blue
Symbol Position: Below Price Plot


Second symbol:

PID sell signal

PIDosc:=Fml("Pivot Detector Oscillator");
Graphic: Sell Arrow
Color: Red
Symbol Position: Above Price Plot


Pivot Detector Oscillator Expert Advisor by Giorgos E. Siligardos
-Giorgos Siligardos


Source / From: TOP  

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