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Osi Cycle-Adaptive Fast Stochastics chart

Osi Cycle-Adaptive Fast Stochastics

This indicator is based on the calculation for Fast Stochastics, but the calculation period used, on each bar, is a fixed, user-selectable, factor of the period of the dominant wave as measured on that bar: quarter-wave, half-wave or full-wave.

The user may also elect to use a fixed period, in which case it is no different from the standard Fast Stochastics.

Typical Usage Scenarios

This indicator is used in the same manner as the Fast Stochastics. The real advantage is that the period of calculation is adjusted, depending on the market's dominant cycle. An internet search will show the many ways in which the Fast Stochastics is used, whether as an overbought/oversold oscillator, or as a divergence trading tool.

The Fast Stochastics tends to be pretty noisy, so quite a few traders use it as a trend indicator rather than as an overbought/oversold indicator. Such a use is demonstrated on the chart, which deliberately uses the FullWave period for calculation, so that the Plot is not so noisy. The signals are generated (shown by the arrows, which were manually drawn, and are not drawn by the Osi Cycle-Adaptive Fast Stochastics indicator), when the Plot crosses the 50% line, in the direction of the cross.

The blue lines are then used as confirmation that the trend may have ended when both the price and the indicator show a lower high.

The calculation period, and the method (in this case, "Cycle"), are indicated by the information panel at the bottom. The parameter choice is part of the chart label in the upper text; in this case "FullWave".

NB: Note that the arrows were not drawn by the indicator: they were manually drawn to indicate a usage scenario.

Osi Cycle-Adaptive Fast Stochastics parameters picture

Indicator Parameters

  1. Parameters

    Calculation Method

    Method used to determine the period that is used for calculations. This can be the Cycle period, or a fixed period, specified by the user.

    Sampling Period

    Length of the 'Wave Period' used to calculate the plot. This is based on the period of the dominant cycle. The user can select between the full period, half period, and quarter period.

    FixedLookbackPeriod

    If using a fixed period, the Lookback period used for calculations.

    %D period

    Specify the period to be used for calculating %D.

  2. Bar Updates

    Intraday Bar Updates

    Method for calculation updates on intraday timeframes. Will overide any CalculateOnBarClose setting. 'OnClose' will always calculate on bar close; 'Intrabar' will always update periodically, based on the UpdateInterval setting. For non-intraday timeframes, CalculateOnBarClose will always be false.

    Update Interval

    Time interval (in minutes - 1 to 60) at which to update the plot.

    Update Tick Count

    Tick count at which to update the plot intraday, during the interval that updates take place, per the 'Update Interval' setting. Smaller values will mean more updates per time slot. Reduce this value if the plot shows artifacts such as missing areas in the plot.

    Updates Per Bar

    On minute-based charts, the minimum number of updates per 'period value'. Between this and the 'Update Interval', the plot is updated using whichever parameter that causes more frequent updates.

  3. Plot Colors

  4. Information Panel

    Shows an information panel on the chart, showing information about the value of the dominant period, being used for calculating the indicator on the current bar, and how it is being calculated. This period varies, depending on market. action.

 

Price: $197.00

 

U.S. Government Required Disclaimer - Commodity Futures Trading Commission
Futures and Options trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don't trade with money you can't afford to lose. This, and all other information on our website, is neither a solicitation nor an offer to Buy/Sell futures or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading system or methodology is not necessarily indicative of future results.

CFTC RULE 4.41 - HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.