Rank: Newbie
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Joined: 8/31/2008(UTC)
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can anyone assist me in the interperation of this formula below:
Price Oscillator - Von Hef
If( PeakBars(1, CLOSE, 2) < TroughBars(1,CLOSE,2),
{then}CLOSE-Peak(1,CLOSE,2),
{else}CLOSE-Trough(1,CLOSE,2));
does this indicator cheat, i.e., plot after the fact?
go to http://trader.online.pl/MSZ/e-w-Price_Oscillator-Von_Hef.html
and you will see the original posting a chart, the crossings of the zero line look good, so does it cheat?
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Rank: Advanced Member
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Joined: 10/29/2004(UTC)
Posts: 1,394
Location: Glastonbury, CT
Was thanked: 2 time(s) in 2 post(s)
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Any indicator that uses Peak and trough functions will give unreliable signals for trading.
they should be used to confirm your position and not be used for establishing a new signal
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