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Kase PeakOscillator

            The Kase PeakOscillator is a simple oscillator from which classic divergence signals are generated, but             with two major differences. Unlike traditional oscillators, which are derived from moving average with set             lengths, the Kase PeakOscillator is derived from a mathematically sound, statistical evaluation of trend,             which looks at over 50 different trend lengths, rather than just two.

            This oscillator, as well as its derivative, the Kase CD, catches many divergences which empirical             momentum indicators miss. Another great feature of this oscillator is the PeakOut line. The PeakOut line             is the level at which markets historically are in the top 10% of momentum. Which means that when the             histogram breaks the peak-out line (as shown above) there is a 90% chance of a turn either on the             current or next extreme.