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Pivot Detector Oscillator, Simplified

Giorgos E. Siligardos's article, "Pivot Detector Oscillator, Simplified", introduces a simplified version of the pivot detector (Pid) oscillator to improve your timing by leaps and bounds.

Using Function Builder, one needs to create the PIDocs function; then, using Indicator Builder, one can quickly write the corresponding indicator and plot it on a price chart.

The following is the code for Mr. Siligardos's function and indicator which can help define oversold and overbought instances more precisely than RSI.

PIDocs Function:

function (Length:Numeric = 14):Numeric;
 Var
 sma200:=0;
 bull:=false;
 End_var

 sma200:= Mov(C,200,S);
 bull:= C>sma200;

 return iff(bull, (RSI(C,Length) - 35) / 
 (85 - 35), (RSI(C,Length) - 20) /
 (70 - 20)) * 100;

PIDocs Indicator:

return PIDocs(14);

For the creation of the PIDocs strategy, use Strategy Builder:

Entry Long Signal:

return CrossAbove(PIDocs(14),0);
Entry Short Signal:
return CrossAbove(PIDocs(14),100);



Download to import into Tradecision.

How to use this indicator in Tradecision:
  1. Click Download.
  2. Save this indicator in a safe location on your hard drive.
  3. Open Tradecision and in the Tools menu click Indicator Builder.
  4. In the Indicator Builder dialog, click Import, locate the saved file and then click OK.
The indicator will be added to the Custom Indicators list.
 
Pivot Detector Oscillator, Simplified
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