scalper triple wave oscillator

[buildwealth]

Somewhere in this forum I came across a TRO version of the attached scalper triple wave oscillator below.

Can anyone point out its location as I can't seem to find it now.

Thanks,

Rick

[Lynx]

I have never seen anything that resembles these oscillators here on kreslik. Are all the dots one or two indicators?

[zeller4]

This guy has the indicator's - I haven't seen them on Kreslik either.
I believe they're based on Linear Regression studies.
http://www.viperspeedtrader.com/index.html

kz

p.s., I think there are 3 overlaid studies.

[Lynx]

Just out of curiosity, why do you think its linear regression based?

[eudamonia]

zeller4

Yes, the indicators are Bob's. These are two separate indicators the Scalp Reversal (blue dots) and the Triple Wave (which is the MACD looking oscillator with linear regression bands).

I may have at one time posted some pictures showing these indicators on Kreslik.com although they are not available here. Bob does charge for his indicators but he also will spend some time with you explaining how they work.

Edward

[zeller4]

Ed,
Thanks for the reminder - I must have seen it on your blogsite. I actually talked to Bill at ViperSpeedTrader once or twice but he didn't have an esignal version at that time.

Lynx,
I've been trying to duplicate it and found (on esignal) some codes attributed to Barbara Star who writes in Stocks & Commodities from time to time - the squarish wave looks like a linear regression reversal study she wrote about. Not sure about the "flatter" lines. I assume the triple wave is different lengths of a linear regression study. Supposedly, they turn earlier than standard EMA indicators.

[vittorio]

zeller4,

The indicator looks interesting. Sorry, I do not undestand
what is the base for the formulas.
Is it the bid and ask ? (as the Tradestation indicator Bid & Ask Vol Ratio)

If so , Is accurate an indicator (in Ts env.)
based on bid and ask data that are not synchronized with trade data?
(calcs using these bid and ask would have a high probability of being inaccurate)

Anyway please could you post the esignal code that you found ?

[zeller4]

vittorio,
the green numbers in the lower right are something he gets from the DOM (depth of market) screen on his trading platform - he uses NinjaTrader - not sure how he gets the info on the chart unless it is text only. try this link for linreg info
http://share.esignal.com/groupcontents. ... groupid=84
hope that helps

[kay]

zeller4,

i searched the TS forum and found 2 Star codes form the S&C, but none does the job. It seems that the problem is to convert the regression lines to an oscillator style.

One seller on ebay sells a similar code
http://cgi.ebay.com/Tradestation-LiD-Sc ... dZViewItem

[zeller4]

thanks, Kay,
I don't have TS - not sure how to do it in Easylanguage.
Kirk