Trading Indicator Toolbox – D Three Ten Oscillator

D Three Ten Oscillator

The original Analysis Toolbox articles discussed the various market cycles including trends and continuations. This part of the The Trader’s Indicator Series focuses on the Indicator Toolbox, as we will discuss various indicators that are found on most trading platforms. We will discuss the indicator in the context of the chosen market, and if it resonates with you, please continue to do your own analysis with it. Trading successfully is all about feeling comfortable with a methodology and using that system repeatedly even when boredom sets in. I will be discussing indicators in alphabetical order that can be found on the MotiveWave platform and this week its the turn of the D Three Ten Oscillator (for a free 2-week trial CLICK HERE)

The D Three Ten Oscillator (DTTO) was authored by Bill Mars. The difference in magnitude of a three and ten period moving average maps this oscillator’s path. A signal line, which is an EMA of the D Three Ten, is also plotted to help trigger trading signals.

image of USDCAD trading chart with D Three Ten Oscillator trading indicatorimage of Brent Oil Chart with 3-10 Oscillator

 

 

D Three Ten Oscillator

INTRODUCTION

The 3-10 oscillator takes the difference between the 3-period EMA and the 10-period EMA plotted in the chart and creates a histogram below the chart. The 16-period EMA is overlaid on the histogram as the signal line to help trigger earlier trading signals.

This is very much like a MACD presented as a histogram as in the case of the awesome oscillator which uses the 5-34-5 simple moving averages in its calculation. The 3-10 uses the EMA and crosses more frequently, producing more signals. I enjoy using the 3-10 oscillator when looking for subtle divergences which I will illustrate shortly.

USING THIS OSCILLATOR  TOOL

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Jody
Jody Samuels, a former institutional trader for a US Investment Bank, and author of The Trader’s Pendulum, The 10 Habits of Highly Successful Traders, founded FX Trader’s EDGE in 2006. A premiere, global online Trading and Coaching School, FX Trader’s EDGE is home to the Forex Foundation and Elliott Wave Ultimate, progressive educational training programs to assist traders of all levels in the markets. FX Trader’s EDGE offers individual and institutional clients proprietary tools, services and education to trade Forex, CFD’s and Stocks online. One-on-one coaching is also available.
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Jody

Jody

Jody Samuels, a former institutional trader for a US Investment Bank, and author of The Trader’s Pendulum, The 10 Habits of Highly Successful Traders, founded FX Trader’s EDGE in 2006. A premiere, global online Trading and Coaching School, FX Trader’s EDGE is home to the Forex Foundation and Elliott Wave Ultimate, progressive educational training programs to assist traders of all levels in the markets. FX Trader’s EDGE offers individual and institutional clients proprietary tools, services and education to trade Forex, CFD’s and Stocks online. One-on-one coaching is also available.

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