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Has anyone written a formula for the Decision Point PMO indicator?
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 1 user thanked TomHam for this useful post.
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Rank: Member
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Joined: 5/6/2007(UTC)
Posts: 25
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Price Momentum Oscillator (PMO) Indicator
{User Input}
pd1:=2/Input("First Smoothing:", 1, 50, 35);
pd2:=2/Input("Second Smoothing:", 1, 50, 20);
pd3:=Input("Signal Line Periods:", 1, 50, 10);
{PMO Calculation}
roc1:=ROC(CLOSE,1,%);
pmo1:=(roc1-PREV)*pd1+PREV;
pmo2:=10*pmo1;
pmo:=(pmo2-PREV)*pd2+PREV;
sig:=Mov(pmo,pd3,E);
{Plot}
pmo;
sig;
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Rank: Advanced Member
Groups: Registered, Registered Users, Subscribers
Joined: 10/23/2005(UTC)
Posts: 45
Location: Savannah
Was thanked: 6 time(s) in 4 post(s)
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This great. Thanks Khandelia, much appreciated. Wishing you Good Trading. … Tom ...
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