Minor modification to Everget's implementation of Constance Brown's Derivative Oscillator. Toggles for DOSC Columns, Line, Circles Signal line toggle Color change Misc. Comments + Source attribution
Shows divergence spikes between OBV and Constance Brown RSI Trade in the direction of the obv trend when it spikes Includes LazyBear code and A&E's help - very much appreciated Useful for all markets n instruments, i guess
This indicator was originally developed by Constance (Connie) M. Brown (Journal of Technical Analysis (Winter-Spring 1994, 45-61): "Derivative Oscillator: A New Approach to an Old Problem").
Standard RSI (Relative Strength Index) with 2 EMA (Exponential Moving Averages) calculated from the RSI. Please see "Technical Analysis for the Trading Professional" by Constance Brown CMT. Enjoy!
I am a big fan of Constance Brown. Her book "Technical Analysis for Trading Professionals" is an absolute classic (get the 2nd edition). I have included here 2 of the indicators she uses in all her charts. Composite Index ---------------------------------------- This is a formula Ms Brown developed (Cardwell may not agree!) to identify divergence failures with...