HI_THERE

I haven't used them....but I had to check back: first explanation was in Stocks & Commodities, November 2008. The indicator develops a "corona" near the center of the range signifying that a reversal is not imminent..the amplitude of the cycle wave is unimportant. It apprears to be a hybrid of his "Impulse System," with a high signal-to-noise ratio graphing code.

A chart of what? A cursory look at any of the markets--on any given day--will yield numerous stocks that outperform that market...even during this last week of extreme distribution. And guess what? A "price" oscillator would have reflected that change in "price."

I disagree STRONGLY. :haha: The beta weighting of many stocks precludes ANY care whatsoever about what the general market is doing. Furthermore, cash infusion drives the best performers...and that is often fueled by emotions (not just fear--on the short side--but also greed--on the long side). A price oscillator that is tied to market sentiment is only relevant for index-based securities and ETFs. EDIT: Let me specify that I am an intraday trader. From that standpoint--or even from that of swing trading--the quote above is one of the most preposterous I have ever heard. Ever. I think that perspective would only be relevant at all for someone who is 100% pro-fundamental analysis and 100% against TA. I think Cramer falls into that category.

You can find the souce for the squeeze code quoted here...here: Thinkscript Weblinks

Insideday, As I said my platform doesn't provide this function, but the formula I ended up with basically mimics yours. It's basically a pythagorean expression where the length of the adjacent angle is your "NumBars." However, I found that an easier way to all of this is simply to look for bars outside of the bb (standards of deviation). The StDevs in essence create angles for you and a bar that exceeds the bb exceeds that angle. I hope that makes sense. Not to detract from those of you who are doing it this way.

TLAngle (Function).... I have no access to this type of function. It's extremely cool that you do. Sounds like you'll make easy work of your problem.

I don't use that software but I know where you're going with this. I've looked into it before. I didn't have full success with my experiment. Here's what I had to settle on: using the standard of deviation of the ema...which is all a bollinger band is. Different stddevs generally produce standard angles. Let me know how it goes.

there are a bunch of free indicators, links and resources here: Custom Thinkscript Indicators