Where is the SDE indicator script

[antwerks]

Upon reviewing and actually testing the True Momentum Oscillator in a way that Mobius suggested by overlaying two instances of TMO over one another with the second TMO being 5-10 higher then the original TMO I would like to clarify and correct post #58.

I tested this on a 5 min chart with the first TMO being set to 5 min...the second was set to 30 min. When I overlapped both into one study I unchecked everything except for the main and signal line...My findings show TMO absolutely does work in mysterious ways that I haven't noticed before.

Whenever the the 5 min TMO was above the 30 min TMO in a LONG position that displayed a strong upward trend when the smaller timeframe was above a longer timeframe TMO. Whenever the smaller timeframe was below the higher timeframe in a LONG position even tho both were the same color the trend was not as strong. However, when the 5 min TMO crossed the ZERO line and was crossing the 30 min TMO in an upward trend that's when a bigger move up was seen.

see below:

https://imgur.com/a/YJQLcfR

https://imgur.com/a/qa20Pdf

And vice versa for SHORT positions...whenever the shorter timeframe 5 min was below the longer timeframe TMO 30 min the trend was much strong in a downward direction.

In summary...the ZERO line absolutely does play into effect with TMO...So TMO is not just effective by the polarity change like I thought and what I read somewhere on this forum. Even the OB/OS lines could play into effect. The nice thing is that when two TMO indicators are overlaid on top of each other they still share the same ZERO line and there for the same OB/OS lines.

With all this in mind I find that creating dots on the secondary TMO like I originally thought is a mistake...BECAUSE of everything that I mentioned above.

In regards to the Fisher Transform that was incorporated into the TMO...here's my take. It does not hurt to have it there...especially when the shorter timeframe TMO is above the longer TMO in a LONG position the Fisher does give an entry or exit signal sooner than the actual color change...During choppy market there are, however, more false signals generated...If that's an issue I suggest disabling the Fisher Transform from the user interface.

IF anyone else knows more about TMO indicator that I may not know please chime in...

So what I think would be the best approach would be to merge 2 instances of TMO into one indicator with small enhancements to make the readability easier with the following criteria:

1. Change the OB/OS lines to a different color since it gets hard to read when the 2 TMO's are either in the OB or OS conditions...Either Darker RED or Darker GREEN or other colors that won't clash with the Main and Signal lines of the TMO...

***NOTE***I also tested the 5 min TMO and the 15 min TMO...and here is my take: This setting will generate more entries...but also the moves may not be as BIG as 5 min and 30 min...HOWEVER there are more opportunities incase anyone misses the entry on the 5 min and 30 min TMO...I personally feel that in order to get in on the 5 min and 30 min TMO...one must be watching the stock from opening bell or you will miss the big moves.

THIS leads me to think that possibly having 3 instances of TMO to be a better solution something such as 5 min 15 min and 30 min...and catch the bounces between each line crossings.

This does bring a problem when all 3 instances of TMO are the same color...it muddies to a point where its hard to tell which TMO lines belong to which times...Possible solution would be having the ability to change colors on the TMO lines to distinguish between them. I guess the option of 3 instances of TMO would be nice and necessary for more opportunities to enter a trade...Having a customizable TMO that would allow the end user to chose how many TMO instances to run by unclicking from 3 to 2 to 1 for example would be ideal.

https://imgur.com/a/FawRivN

@netarchitech is that something that you can do or is it something that you'd prefer others to attempt...?

Where is the SDE indicator script - i would like to see it please @merryDay @useThinkScript

 

[rad14733]

Where is the SDE indicator script - i would like to see it please @merryDay @useThinkScript

That indicator looks like the SMI Directional Engine Oscillator...

 

[antwerks]

That indicator looks like the SMI Directional Engine Oscillator...

SEARCHED BUT NOTHING

 

[useThinkScript]

Where is the SDE indicator script - i would like to see it please @merryDay @useThinkScript

It would appear that HighBredCloud did not share the SDE script on the forum.
Sadly, she is no longer an active member.

 

[antwerks]

It would appear that HighBredCloud did not share the SDE script on the forum.
Sadly, she is no longer an active member.

Looks like a Stochastic Delta Effort oscillator. Would be kinda cool.
The bottom panel did a good job confirming each regime:

• During the morning rally, green histogram bars expanded and the fast/signal lines rose.
• During the selloff, the histogram flipped red and pushed deeply negative.
• During the midday base, the histogram chopped around the zero line, which matched the price compression.
• Into the close, green histogram bars expanded sharply while the fast line accelerated upward.

The far-right read is bullish pressure expansion. Would be a decent validator.....