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Direct MessagesDate/Time: Mon, 06 May 2024 07:53:23 +0000
AC/DC Histogram study seems different
View Count: 1216
| [2019-11-04 19:16:08] |
| LP30 - Posts: 9 |
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The AC/DC Oscillator formula shown in AC DC Histogram - Bill Williams Acceleration Deceleration Oscillator seems different from other places. See: - https://www.metatrader5.com/en/terminal/help/indicators/bw_indicators/ao - https://forextester.com/blog/accelerator-oscillator Also, when visually comparing the study in Sierra Chart to the same study in IB TWS and TradingView it looks different (TWS and TradingView look the same). This is the formula for the study in TradingView. It matches the two links above: study(title="Acceleration/Deceleration", shorttitle="AC") ao = sma(hl2,5) - sma(hl2,34) ac = ao - sma(ao,5) plot(ac, color = change(ac) <= 0 ? red : green, style=histogram) Date Time Of Last Edit: 2019-11-04 22:48:14
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| [2019-11-04 20:08:39] |
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Sorry, your conclusion is completely incorrect. The formula for that study is implemented properly. The others are doing it wrong.
Sierra Chart Support - Engineering Level Your definitive source for support. Other responses are from users. Try to keep your questions brief and to the point. Be aware of support policy: https://www.sierrachart.com/index.php?l=PostingInformation.php#GeneralInformation For the most reliable, advanced, and zero cost futures order routing, *change* to the Teton service: Sierra Chart Teton Futures Order Routing Date Time Of Last Edit: 2019-11-04 20:54:23
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| [2019-11-04 22:49:16] |
| LP30 - Posts: 9 |
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Ok. So I don't have the book about this indicator but I scoured the web for some clues and I found some transcript from the book that reads like "The AC histogram is a 5-bar simple moving average of the difference between the 5/34 momentum histogram and a 5-bar simple moving average of that difference". So it would seem that there's an extra SMA around the formula. I just checked on NinjaTrader and they also do it like the others. So it seems like 95% of people out there are using it wrong. Kudos to Sierra Chart in that case.
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| [2019-11-05 12:52:14] |
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These studies were reviewed very carefully by us, and if they have a documented formula, they have been certified to be correct.
Sierra Chart Support - Engineering Level Your definitive source for support. Other responses are from users. Try to keep your questions brief and to the point. Be aware of support policy: https://www.sierrachart.com/index.php?l=PostingInformation.php#GeneralInformation For the most reliable, advanced, and zero cost futures order routing, *change* to the Teton service: Sierra Chart Teton Futures Order Routing |
| [2019-11-05 21:13:58] |
| SC Support Tom - Posts: 450 |
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Hello, the formula that we have in Sierra Chart is the correct one. Here is a quote from Bill Williams' book New Trading Dimensions, page 114. This book is the source material for the ACDC Histogram. The AC Histogram is a 5-bar simple moving average of the difference between the 5/34 momentum histogram and a 5-bar simple moving average of that difference. What he means by the 5/34 momentum is the Awesome Oscillator with SMA's of lengths 5 and 34. This is precisely equivalent to the formula used by Sierra Chart. I am about to edit the documentation for the ACDC Histogram to make the explicit connection between it and the AO. Edit: I see from post #3 that you found the same quote. Good sleuthing! Date Time Of Last Edit: 2019-11-05 21:18:07
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