The Ocean Indicator was created by Jim Sloman (Ocean Theory pgs 39-47). Sadly he passed away a few years ago so it is extremely hard to find his code or more information about his trading system other than through his books so I did my best to replicate all of his work and I will be publishing his indicators over the next few weeks. Big thanks to @altcoinz for giving me all of the information I needed to replicate his work. Since this is his basic foundation for everything else he has done, I will be publishing it first. I had to change things a bit to provide clear buy and sell signals so let me know your thoughts.
This is essentially his version of a momentum indicator and the basics of it are to buy when momentum is increasing and sell when it is decreasing. I have included strong buy and sell signals in addition to normal ones and darker colors are for strong signals and lighter colors are for normal signals. Buy when the line turns green and sell when it turns red.
Let me know if there are any other indicators you would like to see me publish!
thanks for your work! can you please let us know what do E, D and S letters over the volume bars mean? thanks and regards
mdabdullahallm195
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Hi, I want to sell it .. can i sell it?
fugu_master
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Thanks @cheatcountry for all the Ocean contributions. I still use some of the Ocean tools, mostly NMC and NMC2 for their primary role as retracement entry indicators. I hadn't realised Jim had passed away, he was a definitely quite an interesting guy!
cheatcountry
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@fugu_master, yeah he really was and I will publish more of his indicators as I come across them. I have been looking over the source code I was given and publishing anything that I missed