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OsMA Moving Average of Oscillator V1 NT8.0.0.10 Beta 2 *
"The Moving Average of Oscillator (OsMA), is an indicator that is calculated by taking the difference between a shorter-term moving average and a longer-term moving average. The two most common are the 12 period moving average and the 26 period moving averages. Because of this fact, it is best described as a modification of the classic MACD Indicator. A cross through the zero or center line can be a very simple way to decide if momentum is gaining to the bullish side, or if it is falling to the bearish side. Many traders will use the side of the line that the histogram is on to help them decide which direction they want to be in a particular market.

This indicator can be used to spot divergences as well. A divergence is simply when price isnít in tune with actual underlying momentum. During divergence, you may have a new high on the price chart, but the OsMa is failing to make new highs." -fxstrategy.com

Converted from the old OsMA in NT6.5/7 which itself is derived from the MACD indicator. For me it is the Diff line from the MACD, but with more energy and better divergences.


Category NinjaTrader 8 Indicators and More 
 
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Details: OsMA Moving Average of Oscillator V1 NT8.0.0.10 Beta
Category: NinjaTrader 8 Indicators and More 


April 30th, 2016
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Comments/ratings
1 * Zondor May 5th, 2016 01:21 AM
Not recommended. Inefficiently coded, but that's beside the point. Lagging, price dependent indicators like this do not confer an edge. They simply reflect a foggy view of what has already occurred on the price chart.
3 * whiterhino December 12th, 2016 08:14 PM
Thanks for your feedback Z, This coding is the standard MACD coding format. Divergences are predictive btw. Many traders use them to predict tops and bottoms before the turn.

 
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