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OmniLanguage Discussion
J. Ehlers UNIVERSAL OSCILLATOR TASC JAN 2015
4 replies, 3816 viewings
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OmniTrader Professional Forum
OmniLanguage Discussion
J. Ehlers UNIVERSAL OSCILLATOR TASC JAN 2015
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Last Activity 7/6/2025 3:47 AM 4 replies, 3816 viewings |
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wolf Veteran   Posts: 135 Joined: 4/21/2011 Location: Germany  User Profile |
TASC Stocks&Commodities JAN 2015 is providing for Easy Language and other trading platforms the coding for J. Ehlers UNIVERSAL OSCILLATOR. Who is able to code the in OT Omnilanguage the according coding and also a OT strategy. Attached please find an excerpt of the article for implementation Brgds Wolfgang [Edited by wolf on 1/25/2015 12:35 AM]  Attached file : TASC January 2015 Ehler Universal Oscillator.pdf (1166KB - 1151 downloads) | ||
| Jim Dean Sage   Posts: 3433 Joined: 3/13/2006 Location: L'ville, GA User Profile |
The article does not define any specific trading strategy. There are a million ways this could be used. Essentially its a sophisticated substitute for other types of moving averages. A "strategy" must include logic that says how to evaluate the MA to create entry and exit signals. A note about Ehlers indicators: They are most definitely "cool". They apply signal processing rules from elec engineering to help extract the "obscured" core price movement from the noise. That is very useful. But - Ehlers' writings seem to be *mostly* about refining the way of "seeing" the price data - and not much about what to do with that info once you have it. I believe it has some value but I also believe that the *logic* used with that refined value, to ferret out good entries and assure excellent exits, is by far the most important thing. That's what makes a good strategy. So, I suggest that the key to good strategy development is to first come up with a good idea about what logic you want to use, get it working in a simple form to visualize and test it, then if that set of rules seems to work well, move on to refining it with nifty stuff like the Ehlers indicators. Indicator nuances can be beneficial. But its how you *use* them that makes or loses you money. [Edited by Jim Dean on 1/25/2015 4:43 AM] | ||
| wolf Veteran Posts: 135 Joined: 4/21/2011 Location: Germany User Profile |
thank you for your reply & note refering a strategy. I will follow up the postings for the universal oscillator issue in the tradethight Forum brgds wolfgang | ||
| Mel Veteran Posts: 235 Joined: 3/18/2006 User Profile |
Mel Attached file : eUniversalOsc.txt (1KB - 621 downloads) | ||
| wolf Veteran Posts: 135 Joined: 4/21/2011 Location: Germany User Profile |
thank you very much providing the OL coding brgds Wolfgang |
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