Osi Cycle-Adaptive Full Stochastics
This indicator is based on the calculation for Full 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 Full Stochastics.
Typical Usage Scenarios
This indicator is used in the same manner as the Full 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
Full Stochastics is used, whether as an overbought/oversold oscillator, or as a divergence
You can see how the "Full Stochastics" when adjusted to calculate on the variable half-period, as is the Osi Cycle-Adaptive Full Stochastics in this case, practically becomes a coincident indicator, picking the extremes. The very usual use as a divergence spotter still exists, as marked in the picture.
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 "HalfWave".
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similar to those discussed on this web site. The past performance of any trading
system or methodology is not necessarily indicative of future results.
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