Tidal Wave

[Tams 20]

Tidal Wave

(EasyLanguage)

 

this indicator measures the velocity of the slow stochastic

it will turn before the stoch turns

it will show divergence before MACD does

 

in the illustration, I have included the slow stochastic for your comparison.

 

enjoy!

 

TidalWave_beta_01.txt

[godman 10]

i tried copying and pasting the txt code into my tradestation to create the indicator and it doesnt plot. anyway to create an eld for me so I can watch it? thanks!

 

Vince

[daedalus 10]

Here ya go buddy.

TIDAL WAVE.ELD

[godman 10]

thanks!!!!! i appreciate your assistance

[simterann22 10]

Tams,

 

what is the best way to use this indicator and with what other indicator(s) do you couple it with?

 

:Cheers:

[Tams 20]

Tams,

what is the best way to use this indicator and with what other indicator(s) do you couple it with?

:Cheers:

 

 

This is a derivative of Stochastic...

As a trial run, I would suggest users to put the indicator side-by-side with Stochastic and observe the behavioral difference.

 

 

As with any oscillator, it was not designed to work alone -- always use it in conjunction with a trend indicator.

Edited June 28, 2009 by Tams

[Tams 20]

if you are interested in more advanced methods in programming pivots, here's an useful tutorial:

(p.s. this is not the method I used in Tidal Wave.)

 

Tutorial 26 | Diveregence between price and a stochastic indicator

 

[ame=http://www.youtube.com/watch?v=gJY5IArZptc&feature=player_embedded]YouTube - Tutorial 26 | Stochastic divergence | Tradestation EasyLanguage tutorials from Markplex.com[/ame]

[lonew0lf 10]

erroneous post, ignore