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Osi Cycle-Adaptive Momentum Indicator chart

Osi Cycle-Adaptive Momentum

This indicator is based on the calculation for momentum, but the calculation period, used on each bar is, by default, half the period of the dominant wave as measured on that bar; what is putatively, the correct period to use for the momentum. The user may elect to use the full period of the dominant wave instead of the half-period.

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

This indicator is used in the same manner as the standard Momentum indicator. 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 Momentum is used, whether as an overbought/oversold oscillator, or as a divergence trading tool.

Momentum is often traded on trend line breaks of the momentum plot. Print out the chart, draw the trend lines, and see how well they match up to providing trading signals. By using a variable period, we can always be sure that we are drawing the momentum in the most timely fashion.

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".

Osi Cycle-Adaptive Momentum indicator 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 Fisher Transform plot:
    The FullWave uses the length of the dominant wave;
    The HalfWave uses half the length of the dominant wave;
    The QuarterWave uses a quarter the length of the dominant wave.

    FixedLookbackPeriod

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

    Use Median Price

    Use the (High + Low)/2, instead of the Close, for calculating the Plot.

  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.

  5. Price Proxy

    Median Filter Lookback

    Lookback period used for the median filter which is used to filter out outliers.

    Tuning Parameter Lookback

    Lookback period used for the tuning parameter, which is used to adjust for volatility.

 

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.