My personal mine:
Its very diffical to create new unique tool. For example: i have create my here free published t4tCumUD (is a UpDown Volume based "delta" custom draw indicator) without read any source code line of gomi's GomCD or the ACME VolumePackages. The resulting optical function of GomCD and t4tCumUD is nearly equal!?
When is now see the ACME volume Package, its dont need many changes for full replicate this function... without one line of copy any code!
What well i say: Many of public concepts can be realized with 100% different own code. Full function compatibility is not a bad feature, its a nice confirm for a good concept.
Publish free tools can don't destroy a vendor business based on true customer support... publish compatible or equal tools for a lower or a higher price by a other vendor... this is the true live. More providers of one good concept, give the warranty for a good support and the continue development to realize new nice features
My vendor mine to the WebSite:
ACME has a nice, clear strutured WebSite with good user oriented (promotion) descriptions... when i well create my own website with a webshop, then i copy this concept.
(i can free write this, while up to this time i dont publish any content on my site)
The following user says Thank You to TimeTrade for this post:
They clearly give credits to Raghee Horner in their site and its also free for everyone to download..
"This is an idea we, er, borrowed from noted forex trader Raghee Horner. Itís also known as the 34EMA Wave, and GRaB Candles. We wonít spend much time explaining it, because you should read all about in the inventorís own words here"
The following user says Thank You to dk27 for this post:
I have seen strange things, one funny example is the CFG Momentum Oscillator, which was developed by Andrew Cardwell. The green plot is the first derivative of the RSI (called RSI momentum) added to a SMA of the RSI. The red and yellow lines are just to signallines, which are moving averages of the green line with different periods. You can code that one in less than an hour, and the code has been published by Constance Brown in the book Breakthroughs in Technical Analysis, the formula is on page 81. She calls the same indicator Composite Index. However, there is a catch:
Type of Work: Text
Registration Number / Date: TX0003375191 / 1992-07-22
Title: Relative strength index : advanced / by Andrew E. Cardwell, Jr.
Description: 1 v.
Copyright Claimant: Cardwell Financial Group (employer for hire)
Date of Creation: 1990
Date of Publication: 1990-04-27
Variant title: Relative strength index : advanced
Names: Cardwell, Andrew E., Jr.
Cardwell Financial Group
(copied from the home page of the United States Patent Office), link below WebVoyage Titles
I will collect some rare mutations of the SuperTrend, add some colors and a bit of noise and then send it to the patent office and register it at Fat Tail's Swinging Oscillator.
For your info, I have never advanced the CFG Momentum Oscillator to the downloads, not because I am afraid of the patent, but because I do not want to annoy anybody. If you need it, the formula is public and easy to apply.
Chart attached under Copyright.
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The following user says Thank You to Fat Tails for this post:
What makes you think he stole your code? Again, this is just three EMAs and anyone that can code can probably code this indicator. I am sorry but I don't understand what you are complaining about. Are you saying you were the first one to code this indicator? C'mon now. I am sure you might also say Rancho "stole" IRT .
The following user says Thank You to kulu for this post: