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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}
sma200:=Mov(C,200,S);
bull:=C>sma200;
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

Condition:
PIDosc:=Fml("Pivot Detector Oscillator");
Cross(PIDosc,0)
Graphic: Buy Arrow
Color: Blue
Symbol Position: Below Price Plot

 

 
Second symbol:
 


PID sell signal

PIDosc:=Fml("Pivot Detector Oscillator");
Cross(100,PIDosc)
Graphic: Sell Arrow
Color: Red
Symbol Position: Above Price Plot

 

 
Pivot Detector Oscillator Expert Advisor by Giorgos E. Siligardos
 
-Giorgos Siligardos
siligardosgiorgos[at]gmail.com.
http://www.tem.uoc.gr/~siligard

 

Source / From: TOP
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