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Price Momentum Oscillator

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Price Momentum Oscillator

Postby isamegrelo » Sun Oct 08, 2017 3:16 pm

This is formula:

// --- settings
//length1=35 // "First Smoothing"
//length2=20 //"Second Smoothing"
//siglength=10 //"Signal Smoothing"
// --- end of settings

if barindex>1 then
i = (close/close[1])*100

sm1 = 2.0/length1
csf1=((i-100)-csf1[1])*sm1+csf1[1]
pmol2=csf1

sm2 = 2.0/length2
csf2=((10*pmol2)-csf2[1])*sm2+csf2[1]
pmol=csf2

pmols=average[siglength,1](pmol)

endif

return pmols coloured(100,100,100) as "Signal", pmol coloured(0,0,0) style(line,2) as "PMO", 0 coloured(100,100,100) style(dottedline) as "0 level"
isamegrelo
 
Posts: 22
Joined: Mon May 29, 2017 3:36 pm

Re: Price Momentum Oscillator

Postby Apprentice » Mon Oct 09, 2017 4:58 am

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Apprentice
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