In July 1996 Futures magazine, E. Marshall Wall introduces the Dynamic Momentum Oscillator (Dynamo).
He describes the Dynamo Oscillator to be:
Dynamo = Mc - ( MAo - O )
where:
Mc = the midpoint of the oscillator
MAo = a moving average of the oscillator
O = the oscillator
RSI Dynamic Momentum Oscillator.lua- (1.86 KiB) Downloaded 808 times
This concept can be applied to most any oscillator to improve its results.
In this case it is RSI.
Due to the fact that the Mid Point differs from the indicators to the indicators,
I have not found a way to write a generic indicator
The indicator was revised and updated
