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Price Momentum Oscillator for Amibroker (AFL)
Rating:
5 / 5 (Votes 1)
Tags:
amibroker, oscillator
Tried to develop Price Momentum Oscillator, reference DecisionPoint Price Momentum Oscillator (PMO). Please check before any use.
Indicator / Formula
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1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 | // PMO/*Smoothing Multiplier = (2 / Time period)Custom Smoothing Function = {Close - Smoothing Function(previous day)} * Smoothing Multiplier + Smoothing Function(previous day) PMO Line = 20-period Custom Smoothing of (10 * 35-period Custom Smoothing of ( ( (Today's Price/Yesterday's Price) * 100) - 100) )PMO Signal Line = 10-period EMA of the PMO Line*/Y = EMA((((C/Ref(C,-1)) * 100)-100),35)*10;PMO = EMA(Y,20);PMOSL = EMA(PMO,10);Plot(PMO, "PMO", colorBlue, styleLine, Null, Null, 0, 0, 1 );Plot(PMOSL, "Sl", colorRed, styleLine, Null, Null, 0, 0, 1 ); |
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