Preferred (Slow) Oscillator by Joe DiNapoli Metastock Indicators Forex Trading Systems - XEATrade - Metatrader, Metastock, Tradestation, Amibroker

Description: This is Preferred (Slow) Oscillator created by Joe DiNapoli. Joe DiNapoli is a veteran trader with over 25 years of solid market trading experience. To get more information, please refer his book "Trading with DiNapoli Levels". In common Stochastic Oscillators compare where a security's price closed relative to its price range over a given time period.

Preferred (Slow) Oscillator

FK:=((C - LLV(L,8))/(HHV(H,8) - LLV(L,8)))* 100; 
FD:=If(Cum(1)+1<(3+2),FK,
If(Cum(1)+1=(3+2),Mov(FK,LastValue(3),S),PREV+((1/3)*(FK-PREV)))); 
STO:=If(Cum(1)+1<(3+2),FD,
If(Cum(1)+1=(3+2),Mov(FD,LastValue(3),S),PREV+((1/3)*(FD-PREV))));
FD;STO;

Author/Source: http://darkflame.dax.ru

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