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FirstWave DPO_MOBO Study
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FirstWave DPO_MOBO Study

  #1 (permalink)
Elite Member
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Futures Experience: Advanced
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FirstWave DPO_MOBO Study

Good day Members.

I have searched high and low for a study that is part of the Thinkorswim platform to apply to my NinjaTrader Platform and haven't found it yet.

The study is FirstWave DPO_Mobo. It is simply a lower study that is based on a combination of Bollinger Bands and a Detrendend Price Oscillator. I have tried to use a BB and DPO study overlaid, however, the positional relationships aren't consistent.

Has anyone seen this created for NinjaTrader?

I would be happy to show the group how I trade crude futures, just need to get this darn piece of the puzzle completed.

Thanks for your help in advance.

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  #2 (permalink)
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macguy View Post
Good day Members.

I have searched high and low for a study that is part of the Thinkorswim platform to apply to my NinjaTrader Platform and haven't found it yet.

The study is FirstWave DPO_Mobo. It is simply a lower study that is based on a combination of Bollinger Bands and a Detrendend Price Oscillator. I have tried to use a BB and DPO study overlaid, however, the positional relationships aren't consistent.

Has anyone seen this created for NinjaTrader?

I would be happy to show the group how I trade crude futures, just need to get this darn piece of the puzzle completed.

Thanks for your help in advance.

If you want someone to code this for you, you'll need to provide the ThinkorSwim code and a few example screenshots of it in action, at minimum.

Mike

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  #3 (permalink)
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Posts: 12 since Sep 2012
Thanks: 2 given, 28 received

Visual


In the attached image, you can see the FW DPO Mobo study as I use in on crude. The chart is based on the last 10 day ATR, currently at 8 cents per bar.

The code in TOS isn't viewable.

The parameters are:
1. A detrended price oscillator set to 14 periods
2. A mobo (which is really bollinger bands) set to 10 periods and a .08 and -.08 deviations

I don't have a specific definition for what defines the cloud coloring, but my suspicion is that its nothing more complex than a comparison of the current Bband midline number to the Bband number one bar back.

Thanks for looking.

Attached Thumbnails
FirstWave DPO_MOBO Study-screen-shot-2013-02-08-4.54.44-pm.png  
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  #4 (permalink)
Trading Apprentice
Santa Monica, CA USA
 
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Platform: TOS
Favorite Futures: ES
 
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Hey macguy,

the first wave website offers a NT7 version of this indicator. I would be curious to know how you use it since I also am trying to incorporate it into my CL and GC trading.

Thanks,

S.

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