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The PeakOscillator is unique among first derivative or "rate-of-change" indicators in that it statistically evaluates over fifty trend lengths and automatically adapts to both cycle length and volatility. In addition, it replaces the crude linear mathematics of old with logarithmic and exponential models that better reflect the true nature of the market.
Thus, the PeakOscillator is a self-optimizing indicator which need not be back tested for optimal inputs as these are self-generated. The PeakOscillator is unique in that it can be applied across multiple time frames and different commodities.
As a hybrid indicator, the PeakOscillator also generates a trend signal via the crossing of the histogram through the zero line. In addition, the purple KPeak histogram line indicates when the oscillator has reached an extreme condition. When the oscillator reaches this peak and then turns, it means that most of the time the market will turn either at the present extreme, or (more likely) at the following extreme.
The study consists of three indicators:
The PeakOscillator itself is rendered as a histogram.
KPeak is a purple line within the histogram signifying a market extreme.
The Blue Kpeak-Min line is a maximum of two standard deviations of the PeakOscillator value.
The Red PeakOut line is a minimum of two standard deviations of the PeakOscillator value.
Interpretation
The PeakOscillator is used two ways:
Divergence: The PeakOscillator may be used to generate traditional divergence signals. The difference between it and traditional divergence indicators lies in its accuracy.
PeakOut: The second use is to look for a PeakOut. A PeakOut occurs when the histogram breaks beyond the PeakOut line and then pulls back. A PeakOut through the maximum line will be displayed magenta. A PeakOut, which only extends through the PeakMin line is called a local PeakOut, and is less significant than a normal PeakOut signal.
These local PeakOuts are to be relied upon more heavily during sideways or corrective markets.
PeakOuts may be based on either the maximum line or the minimum line. Maximum PeakOuts, however, are rarer and thus more significant than minimum PeakOuts. The magnitude of the price move may be greater following the maximum PeakOut, but the likelihood of the break in trend is essentially the same. Thus, our research indicates that we should react equally to a PeakOut in a trendy market and a PeakMin in a choppy or corrective market.
Value
Indicates the value of each respective study variable.
Defaults:
# of StDevs – 2.0
Cycle Range Low – 8.0
Cycle Range High – 65.0
Scaling Factor – 50.0
__________________________
Kase Peak Oscillator
Per1:=Input("max length",10,100,30);
RWH:=(H-Ref(L,-Per1))/(ATR(Per1)*Sqrt(Per1));
RWL:=(Ref(H,-Per1)-L)/(ATR(Per1)*Sqrt(Per1));
Pk:=Mov((RWH-RWL),3,W);
MN:=Mov(Pk,Per1,S);
SD:=Stdev(Pk,Per1);
Val1:=If(MN+(1.33*SD)>2.08,MN+(1.33*SD),2.08);
Val2:=If(MN-(1.33*SD)<-1.92,MN-(1.33*SD),-1.92);
LN:=If(Ref(Pk,-1)>=0 AND Pk>0,Val1,If(Ref(Pk,-1)<=0 AND Pk<0,Val2,0));
Red:=If(Ref(Pk,-1)>Pk,Pk,0);
Green:=If(Pk>Ref(Pk,-1),Pk,0);
Red;
Green;
LN;
can anyone add Peak Min – Line (blue line, post 14 chart)?
I am afraid you are missled by Trader.Online interpretation of Kase peak oscillator
The indicator graph at your post is not a Kase peak oscillator, the formula they presented is correct but the indicator is something I do not know what.
Trying to guess "market extreme" is a thing it never had to do anything with this indicator. It would make it some kind of Silver trend or any "future predicting" indicator (it is impossible to achieve it without repainting), and Kase peak oscillator is neither of those. From my experience it is even lagging a bit, but that does not means it is less ussefull
Sorry to disappoint you, but, if you are looking for the indicator from the Trader.Online graph you are not looking for Kase peak oscillator
The Kase PeakOscillator is a simple oscillator from which classic divergence signals are generated, but with two major differences. Unlike traditional oscillators, which are derived from moving average with set lengths, the Kase PeakOscillator is derived from a mathematically sound, statistical evaluation of trend, which looks at over 50 different trend lengths, rather than just two.
This oscillator, as well as its derivative, the Kase CD, catches many divergences which empirical momentum indicators miss. Another great feature of this oscillator is the PeakOut line. The PeakOut line is the level at which markets historically are in the top 10% of momentum. Which means that when the histogram breaks the peak-out line (as shown above) there is a 90% chance of a turn either on the current or next extreme
Val1:=If(MN+(1.33*SD)>2.08,MN+(1.33*SD),2.08);
Val2:=If(MN-(1.33*SD)<-1.92,MN-(1.33*SD),-1.92);
LN:=If(Ref(Pk,-1)>=0 AND Pk>0,Val1,If(Ref(Pk,-1)<=0 AND Pk<0,Val2,0));
Red:=If(Ref(Pk,-1)>Pk,Pk,0);
Green:=If(Pk>Ref(Pk,-1),Pk,0);
You have the source there
You have the formula there
Make your indicator please
Val1:=If(MN+(1.33*SD)>2.08,MN+(1.33*SD),2.08);
Val2:=If(MN-(1.33*SD)<-1.92,MN-(1.33*SD),-1.92);
LN:=If(Ref(Pk,-1)>=0 AND Pk>0,Val1,If(Ref(Pk,-1)<=0 AND Pk<0,Val2,0));
Red:=If(Ref(Pk,-1)>Pk,Pk,0);
Green:=If(Pk>Ref(Pk,-1),Pk,0);
You have the source here
You have the formula there
Make your indicator please
another 'misleading' KPO link
Linear Mode
