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Strategies & Market Trends : Technical Analysis- Indicators & Systems -- Ignore unavailable to you. Want to Upgrade?

To: Matt Chen who wrote (3113)	3/28/1998 12:11:00 AM
From: peter n matzke	Respond to of 3325

I am not familiar with the "Trendline Oscillator", but an oscillator by definition must swing or pivot around something, my guess is that it would be an oscillation of some item(unknown pendulum) which is using a trend line as the base line to denote a crossing. It seems that there are as many oscillators as people so you might want to start looking at a few of them to see what is important to you. volume oscillator ultimate oscillator stochastic oscillator price oscillator McClellan Oscillator Detrended Price Oscillator DPO=close-(mov Ave((n/2)+1)days ago) Chaikin's Oscillator etc etc

To: Matt Chen who wrote (3113)	3/28/1998 10:36:00 AM
From: Vitas	Read Replies (1) \| Respond to of 3325

Trendline Oscillator is/was published by Trendline, a division of Standard & Poors Corporation. The short range oscillator is computed as follows: a) Add the number of advances to 50% of the unchanged. Express this figure as a percentage of the total issues traded. This percentage is then run as a 10 day moving average. Par is 50%. This is added to or subtracted from the 10 day moving average leaving a plus or minus figure. b) Next take a 25 day moving average of the Dow Jones Industrials to compute a market index. This is added to or subtracted from the current close to arrive at the market difference. This market difference is then expressed as a percentage of the market index. c) The resulting percentage is then carried as a 5 day moving average. To this is added the advance-decline percentage. The resulting sum is divided by 2. This is expressed as a plus or minus average percentage figure which is plotted with the zero line at 50%. Some libraries get this charting service. If you subscribe they give you a number to call for daily updates to the figures.