TDROsc-1.0
The Daedalus Report’s Oscillator is used in technical analysis that ranges between zero and one and is created by applying the Stochastic Oscillator formula to a set of Relative Strength Index (RSI) values rather than standard price data. Using RSI values within the Stochastic formula gives traders an idea of whether the current RSI value is overbought or oversold – a measure that becomes specifically useful when the RSI value is confined between its signal levels of 20 and 80.
The ideal parameters I use are: 3/3/5/8, 5/5/8/13, 8/8/13/21, 13/13/21/34, 21/21/34/55, and 34/34/55/89. (And YES they are all Fibonacci numbers!)
Choose the group that makes the TDROsc indicator closely match the wave of the price history for the period (15min, 1hr, 4hr, daily, weekly, monthly, etc) you are viewing. Then you can use it to forecast properly.
The ideal parameters I use are: 3/3/5/8, 5/5/8/13, 8/8/13/21, 13/13/21/34, 21/21/34/55, and 34/34/55/89. (And YES they are all Fibonacci numbers!)
Choose the group that makes the TDROsc indicator closely match the wave of the price history for the period (15min, 1hr, 4hr, daily, weekly, monthly, etc) you are viewing. Then you can use it to forecast properly.