Rahul Mohindar Oscillator (RMO) for Metastock.

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rel - Rahul Mohindar Oscillator.doc (80.5 KB, 767 views)

hi ,,i have the formula for RMO BUY AND SELL,,,but exactly the osscilator formula i am trying to get,,,his formula is based on advanced get theory ,,,a combination of xtl,oscillator,and regression channel...
KINDLY COMMENT ON THIS

RENU DAGA

cud it possible 4 u to share the formula with us.....

regards,
soumya

Could you like to share whatever you have on this Oscillator ?

hi
sorry for replying late...
i told u i havent got the formula for oscillator..till yet... and the condition for buy and sell is calculated along with the oscillator condition,so even if u put teh condition it wont work because the orignal indicator formula is still missing,as soon as i get i shall post it
but still if u want me to post it as how to write in teh explorer i can do...

renu daga

Hi,
Two veteran exponent of MS code expert "Roy" & "Jose" has expressed their view regarding RMO in MS-10 .Which essentially means ,this is derived from tweaking Rainbow Osc.We at Kolkata know that Rahul being the son of Viratech owner (who are also Agvanced Get dealer) is well versed in the nuances of Get & i (personally using both Get & MS since long) has found out going through the launch video of MS-10 that ,as Mr Daga has pointed out,that RMO resembles a combination of Get indicators.Equis hurriedly incorporated this as RMO ,only becoz it was somewhat similar to Get special indicators.However given below is "Joses"'s code for those who do not have Get.
.......................................8.......... ........................
{Incorporating automatic overBought/Sold levels.
Trade at own risk.

Default values result in an identical plot
to MetaStock v10's RMO "SwingTrd1" indicator.

©Copyright 2006 Jose Silva.
The grant of this license is for personal use
only - no resale or repackaging allowed.
http://www.metastocktools.com }

{ Indicator Inputs }
y:=Input("Smoothing SMA periods",1,252,2);
pds:=Input("HHV/LLV lookback periods",1,252,10);
plot:=Input("plot: [1]Oscillator, [2]Signals",1,2,1);
type:=Input("signals: [1]Higher Lo, Lower Hi, [2]OBought/Sold",1,2,1);

{ Rainbow Oscillator,
http://www.traders.com/documentation.../Tips9708.html }
x:=(C-(
Mov(C,y,S)+
Mov(Mov(C,y,S),y,S)+
Mov(Mov(Mov(C,y,S),y,S),y,S)+
Mov(Mov(Mov(Mov(C,y,S),y,S),y,S),y,S)+
Mov(Mov(Mov(Mov(Mov(C,y,S),y,S),y,S),y,S),y,S)+
Mov(Mov(Mov(Mov(Mov(Mov(C,y,S),
y,S),y,S),y,S),y,S),y,S)+
Mov(Mov(Mov(Mov(Mov(Mov(Mov(C,y,S),
y,S),y,S),y,S),y,S),y,S),y,S)+
Mov(Mov(Mov(Mov(Mov(Mov(Mov(Mov(C,y,S),
y,S),y,S),y,S),y,S),y,S),y,S),y,S)+
Mov(Mov(Mov(Mov(Mov(Mov(Mov(Mov(Mov(C,y,S),
y,S),y,S),y,S),y,S),y,S),y,S),y,S),y,S)+
Mov(Mov(Mov(Mov(Mov(Mov(Mov(Mov(Mov(Mov(C,y,S),
y,S),y,S),y,S),y,S),y,S),y,S),y,S),y,S),y,S))
/10)/Max(HHV(C,pds)-LLV(C,pds),.000001)*100;

{ Automatic overBought/Sold levels }
avg:=Cum(x)/Cum(IsDefined(x));
pk:=Ref(x,-1)=HHV(x,3) AND Ref(x,-1)>avg;
pkVal1:=ValueWhen(1,pk,Ref(x,-1));
pkVal2:=ValueWhen(2,pk,Ref(x,-1));
pkValAvg:=Cum(pkVal1)/Cum(IsDefined(pkVal1));

tr:=Ref(x,-1)=LLV(x,3) AND Ref(x,-1)<avg;
trVal1:=ValueWhen(1,tr,Ref(x,-1));
trVal2:=ValueWhen(2,tr,Ref(x,-1));
trValAvg:=Cum(trVal1)/Cum(IsDefined(trVal1));

{ OverBought/Sold signals }
entry:=x<trValAvg;
exit:=x>pkValAvg;

{ Higher troughs / lower peaks signals }
entry:=If(type=2,entry,
trVal1>trVal2 AND x>pkVal1);
exit:=If(type=2,exit,
pkVal1<pkVal2 AND x<trVal1);

{ Clean signals }
init:=Cum(IsDefined(entry+exit))=1;
bin:=ValueWhen(1,entry-exit<>0 OR init,entry);
long:=bin*(Alert(bin=0,2)
OR entry*Cum(entry)=1);
short:=(bin=0)*(Alert(bin,2)
OR exit*Cum(exit)=1);

{ Plot in own window }
If(plot=1,pkValAvg,0); {Grey}
If(plot=1,avg,0); {Grey}
If(plot=1,trValAvg,0); {Grey}
If(plot=1,x,long-short)
.........................................8........ ...............................
Asish

hi
ashish...first of all...i ma not mr...mrs daga...just call me renu
anyways,,,what u have posted is the formula for rainbow chart,,,u have portrayedRMO OSC something as similar to rainbow ocsillator...but it is not that,,,,RMO is said to have teh combination of get indicators...that is oscillator(all three combined osc) .,,xtl,,regression channnels..
i ahve seen the buy and sell signal,,indicated by the rmo..it is only when the band leaves the bar,,,( i hope u understand)
below i am posting the signal for buy and sell,,,,according to RMO.....BUT as i said i havent yet got the actuall formula of the indicator,,
see that if u all can find,,,if cna serch for the RMO,,,INDICATOR FORMULA ,,then we can easily plot the buy nad sell signal according to it..
i am posting the formula in my second quote..

hi..
formula for buy and sell according to rmo

ColA = RMO
A:=Fml( "Rahul Mohindar Osc (RMO)");
B:=0;
If(A>B,If( Ref(A,-1) < Ref(B,-1),
+2 {new Bull},
+1 {Almost Bullish}),
If( Ref(A,-1) > Ref(B,-1),
-2 {new Bearish },
-1 {Almost Bearish}))

ColB= Buy&Sell Arrows
A:=Fml( "SwingTrd 2");
B:=Fml( "SwingTrd 3");
If(A>B,If( Ref(A,-1) < Ref(B,-1),
+2 {Bullish Crossover,New buy arrow},
+1 {Bullish,Almost Buy signal genarated}),
If( Ref(A,-1) > Ref(B,-1),
-2 {Bearish Crossover,New sell arrow},
-1 {Bearish}))

ColC=Blues&RedBars
A:=Fml( "SwingTrd 2");
B:=0;
If(A>B,If( Ref(A,-1) < Ref(B,-1),
+2 {New Blue bar Bullish },
+1 {Almost blue bars}),
If( Ref(A,-1) > Ref(B,-1),
-2 {New Red Bar bearish },
-1 {Almost red bar}))

ColD=Macd
If( MACD() > Mov( MACD(),9,E),
If( Ref( MACD(),-1) < Ref( Mov( MACD(),9,E),-1),
+2 {Bullish Crossover},
+1 {Bullish}),
If( Ref(MACD(),-1) > Ref(Mov(MACD(),9,E),-1),
-2 {Bearish Crossover},
-1 {Bearish}))

Col E = Stoch
Cross(Stoch(5,3),30) - Cross(70,Stoch(5,3))
{Sto-wave will equal +1 when a buy signal is generated, -1 when is a sell signal is generated, and 0 when there is no signal}

Col F =3 days adx rising or falling
If(ROC(ADX(14),3,$) = Sum(Abs(ROC(ADX(14),1,$)),3), {rising ADX} +1,
If(ROC(ADX(14),3,$) = -Sum(Abs(ROC(ADX(14),1,$)),3),
{falling ADX} -1,0))

this is formula to be used in explorer..but since the indicator formula is not there,so it is not worth,,,as soon as i get the fornula i shall post it

Here is the link for RMO,
http://**********.com/files/12953882/RMO.rar.html

Wonder why this is praised so much...it's a simple 3rd rated blackbox! Another dumb marketing strategy by Equis

HI,OXOMOSROUZ..
THANKS FOR TH INDICATOR,,,,,,members,,,combine the buy and sell signal which i ahve given above in my earlier post...and the indiactor given by oxusmorouz......u will get the full formula......now work with indicator and share ur experience

renu daga