This indicator was originally developed by Constance (Connie) M. Brown (Journal of Technical Analysis (Winter-Spring 1994, 45-61): "Derivative Oscillator: A New Approach to an Old Problem").
This indicator was originally developed by Donald Dorsey (Stocks & Commodities, V.10:6 (June, 1992): "The Mass Index").
Specially for @AlexMayorov :
If indicator reaches 27 and then falls to below 26.5 then it could be a signal of potential trend reversal.
This indicator was originally developed by Edwin "Sedge" Coppock (Barron's Magazine, October 1962).
Specially for @AlexMayorov :
1) Buy when indicator crosses the zero line upside
2) Sell when indicator crosses the zero line downside
Kendall Rank Correlation Coefficient script.
This way to measure the ordinal association between two measured quantities described by Maurice Kendall (1938, Biometrika, 30 (1–2): 81–89, "A New Measure of Rank Correlation").
In this script I compare Kendall Coefficient and Pearson Coefficient (using built-in "correlation" function).
This indicator combines 5 running moving averages of different periods, calculate their momentum and synthesize the result into 1 single curve.
Dynamic levels made of the discontinued signal lines function are added to create pseudo overbought and oversold levels.
