LazyBear

Indicator: Derivative Oscillator

7825 7 245
Constance Brown's Derivative Oscillator was published in her book "Technical Analysis for the Trading Professional".

The oscillator uses a 14-period RSI . The RSI is then double smoothed with exponential moving averages . The default settings for the smoothing periods are 5 and 3.

In a second step a signal line is generated from the smoothed RSI by calculating a simple moving average with a period of 9.

The Derivative Oscillator is calculated as the difference between the smoothed RSI and the signal line and displayed as histogram.

All the values are configurable.
Remove from Favorite Scripts Add to Favorite Scripts
//
// @author LazyBear
// @credits Constance Brown
// 
study(title = "Derivative Oscillator [LazyBear]", shorttitle="DO_LB")
length=input(14, title="RSI Length")
p=input(9,title="SMA length")
ema1=input(5,title="EMA1 length")
ema2=input(3,title="EMA2 length")

s1=ema(ema(rsi(close, length), ema1),ema2)
s2=s1 - sma(s1,p)
c_color=s2 < 0 ? (s2 < s2[1] ? red : lime) : (s2 >= 0 ? (s2 > s2[1] ? lime : red) : na)
plot(s2 , style=histogram, color=c_color)
List of my free indicators: http://bit.ly/1LQaPK8
List of my indicators at Appstore: http://blog.tradingview.com/?p=970

Do you know how to convert derivative oscillator to pinescript?
+2 Reply
QuantitativeExhaustion PRO christopherbrecher
2 years ago
just click "make it mine" and after you have it uploaded check out pine script
+1 Reply
thx!
+1 Reply
Thanks for coding a broad range of indicators. Is this Indicator, what she refers as Composite index indicator?
Reply
LazyBear PRO HamedAghajani
2 years ago
No. Composite index is available here -
Indicators: Constance Brown Composite Index & RSI+Avgs
+1 Reply
HamedAghajani PRO LazyBear
2 years ago
Thanks for your prompt reply. I am trying to read her paper on how to trade with this indicator.
Reply
byrdphx
2 months ago
Please pardon the newbie question, but is there a way to import the derivative oscillator into Thinkorswim's Thinkscript?
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out