Wealth-Lab Wiki

API ChartStyles Community Components Community Indicators IndexDefinitions Knowledge Base Misc Optimizers Pending Deletion PosSizers Providers Standard Indicators TASC Traders Tips TASCIndicators Tutorial Videos Visualizers
RSS

Navigation


Quick Search
»
Advanced Search »


TASC 2018-02 | Weekly & Daily PPO (Apirine)

RSS

Traders' Tip text

The weekly & daily PPO (W&D PPO) oscillator by Vitali Apirine from February 2018 issue of Stocks & Commodities combines the two PPO oscillators (weekly and daily) on a daily chart.

Image

Figure 1. Application of the oscillators to a daily chart of ^RUT (Russell 2000).

After updating our TASCIndicators library to v2018.01 (or higher), the RelativeDailyPPO and WeeklyPPO indicators could be found under the TASC Magazine Indicators group. You can plot them on a chart or use as an entry or exit condition in a Rule-based Strategy without having to program a line of code yourself.

Enclosed C# Strategy code will help you plot the indicators on the chart:




C# Code


using System;
using System.Collections.Generic;
using System.Text;
using System.Drawing;
using WealthLab;
using WealthLab.Indicators;
using TASCIndicators;

namespace WealthLab.Strategies { public class MyStrategy : WealthScript { private StrategyParameter paramDailyLength1; private StrategyParameter paramDailyLength2; private StrategyParameter paramWeeklyLength1; private StrategyParameter paramWeeklyLength2; public MyStrategy() { paramDailyLength1 = CreateParameter("Daily Length 1",12,2,300,20); paramDailyLength2 = CreateParameter("Daily Length 2",26,2,300,20); paramWeeklyLength1 = CreateParameter("Weekly Length 1",60,2,300,20); paramWeeklyLength2 = CreateParameter("Weekly Length 2",130,2,300,20); } protected override void Execute() { var RDM = RelativeDailyPPO.Series(Close,paramDailyLength1.ValueInt,paramDailyLength2.ValueInt, paramWeeklyLength1.ValueInt,paramWeeklyLength2.ValueInt); var WM = WeeklyPPO.Series(Close,paramWeeklyLength1.ValueInt,paramWeeklyLength2.ValueInt); HideVolume(); LineStyle solid = LineStyle.Solid; ChartPane paneWDPPO = CreatePane( 40,true,true ); PlotSeries( paneWDPPO,RDM,Color.FromArgb(255,0,100,0),LineStyle.Solid,2 ); PlotSeries( paneWDPPO,WM,Color.FromArgb(255,0,0,0),LineStyle.Solid,2 ); DrawHorzLine( paneWDPPO,0,Color.Blue,LineStyle.Solid,1 ); } } }

Eugene (Gene Geren)
Wealth-Lab team
www.wealth-lab.com

Important Disclaimer: The information provided by Wealth-Lab is strictly for informational purposes and is not to be construed as advice or solicitation to buy or sell any security.  The owner of Wealth-Lab.com assumes no liability resulting from the use of the material contained herein for investment purposes. By using this web site, you agree to the terms of this disclaimer and our Terms of Use.

Used under license from FMR Corp. Copyright 2008 FMR Corp. All rights reserved.


ScrewTurn Wiki. Some of the icons created by FamFamFam.