StockFetcher Forums · Filter Exchange · Dynamic Momentum Index??<< >>Post Follow-up
nikoschopen
2,824 posts
msg #33041
Ignore nikoschopen
8/28/2004 7:21:35 PM

Would anyone care to formulate a filter for the Dynamic Momentum Index? The formula for the DMI is as follows (in reference to http://www.equis.com/Support/Formulae.aspx?Id=19)...



Dynamo = Mc - ( MAo - O )

where:

Mc = the midpoint of the oscillator

MAo = a moving average of the oscillator

O = the oscillator
This concept can be applied to most any oscillator to improve its results.

For example, applying the Dynamo Oscillator to a 5-period %K slowed 3 periods Stochastic Oscillator would give:

50-(Mov(Stoch(5,3),21,S)-Stoch(5,3))

where:

Mc = Stochastic Oscillator's midpoint = 50

MAo = Moving average of the Stochastic = Mov(Stoch(5,3),21,S

O = Stochastic Oscillator = Stoch(5,3)
This example applies it to an RSI oscillator:

50-(Mov(RSI(14),21,S)-RSI(14))

where:

Mc = RSI's midpoint = 50

MAo = Moving average of the RSI = Mov(RSI(14),21,S

O= RSI Oscillator = RSI(14)


four
3,558 posts
msg #127713
Ignore four
3/25/2016 10:14:01 PM

Dynamo = Mc - ( MAo - O )

where:

Mc = the midpoint of the oscillator

MAo = a moving average of the oscillator

O = the oscillator
This concept can be applied to most any oscillator to improve its results.
Fetcher[
set{x, cema(rsi(30),9) - rsi(30)}
set{xx, 50 - x}
draw xx line at 50
sp900
]



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