KWAN_RDP: A Composite Oscillator Using DeMarker, MFI, and Momentum

Summary

KWAN_RDP is described as a two-color histogram oscillator built from the iDeMarker, iMFI, and iMomentum indicators. Its calculation combines the current readings of the three indicators, scales the product of DeMarker and MFI by 100, divides by Momentum, and applies a moving average. The accompanying interpretation associates a rising indicator and aquamarine bars with asset growth, while a falling reading and red or pink bars indicate decline. A change in histogram color is presented as a potential timing cue for trades.

The document offers a formula and a qualitative explanation, but no parameter settings, historical tests, or performance evidence. It does not explain how to handle zero or unusual Momentum values, nor does it specify trade exits, position sizing, or risk controls. The indicator also depends on a separate smoothing library for its implementation, so the stated behavior is a signal concept rather than a complete trading system.

Key ideas

• The oscillator combines DeMarker, MFI, and Momentum readings and smooths the resulting series with a moving average.
• A rising reading is associated with aquamarine histogram bars, while falling readings use red or pink bars.
• Histogram color changes are proposed as possible trade-timing signals.
• The document provides no backtest results or full rules for managing trades and risk.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.