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LBR_3/10 Oscillator by Linda Bradford-Raschke

The LBR_3/10 Oscillator calculates the difference between a fast 3 bar moving average and a slower 10 bar moving average. See the interview with Linda Bradford Raschke, Back to the Basics, for more information.

How it works: The LBR_3/10 Oscillator calculates the difference between a fast 3 bar moving average and a slower 10 bar moving average. Then plots that against a 16 bar average of the difference.

Can be used with any bar interval chart.

Inputs:
Price(Close) - This is a bar price or other value to average.
Avg1(3) - The number of trailing bars to consider for the fast average calculation.
Avg2(10) - The number of trailing bars to consider for the slow average calculation.
Avg3(16) - The number of trailing bars to consider for the average difference.
StdDsp(1) - 1 = Normal Calculation, 2 = Alternate calculation.

Entry / Plot Descriptions:
Plot1 - Difference in two moving averages
Plot2 - Average of Plot1
Plot3 - 0 line

Suggested Modifications: You may want to try this with other Price inputs.

About the Author/Submitter: Linda Bradford-Raschke - http://www.lbrgroup.com


Type : Indicator, Name : LBR_3/10 Oscillator

inputs: Price(Close),
Avg1(3),
Avg2(10),
Avg3(16),
StdDsp(1);

if Currentbar > 30 then begin
if StdDsp =1 then
Value1 = Average(Price,Avg1)-Average(Price,Avg2);
if StdDsp <>1 then
Value1 = Average((Price-(Average(Price,3)[3])), 2);

Value2 = Average(Value1,Avg3);

Plot1(Value1,"3/10Line");
Plot2(Value2,"16Line");
Plot3(0,"ZeroLine");
end;

 
Source / From: TOP
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