The Trader's Dynamic Index and the CFG Momentum Oscillator are somewhat similar. After I had discovered the similarities, I decided to use the same colors for both of them. Glad you noticed it.
Both are robust no-nonsense oscillators. The credit goes to Welles Wilder who developed the RSI. He did not file for a patent, so he lives in peace, as he does not need to fear that anybody violates the patent.
The following 4 users say Thank You to Fat Tails for this post:
It was not my idea (and for sure it was not originally Raghee's idea either) and I said that, but I wrote the code when there were no NT7 versions and made it available as open code, you sure have done many of them.
A five-minute child's play, true. Also, a child's play to add color serialization to an open code, hell we do that all the time here. But, we don't make it into a dll file and package it as a bonus for selling other stuff.
If you have not been on this board long enough and seen enough, then you might have motive for defending whoever they are.
Also, give credit to TMFT since Chicken Ranch was in Texas, he can defend himself without relaying on Wikipedia. In Nevada we have Cotton Tail, Shady Lady, (used to have Mustang Ranch) and many more, but they all have health cards and pay their taxes when they charge for anything.
The following 3 users say Thank You to aligator for this post:
@aligator: Thanks for responding. I absolutely agree with you here.
I would not call the vendors a fraud, but they are catering to unsupecting newbies and fools, selling overpriced indicators which can be easily found for free elsewhere. We are the ones who do the work for free, so we are inclined to cry foul, if somebody else collects money for selling the same indicators. Feels like we are paying taxes (working) and others are free riding using the public services.
But on the other hand, if I have made a piece of code public, it is public, so in fact everybody can use or modify it. If some fools are paying somebody else for the same stuff, that is not my business. There will always be fools and there will always be crooks to take advantage of the fools.
Also take into account that the fools want to be entertained, in the end they are getting their entertainment and the money may be well spent as it has served its purpose.
The following 3 users say Thank You to Fat Tails for this post: