Hi
Let me introduce my CMOabsav Oscillator script.
This indicator plots the absolute value of CMO averaged over three
different lengths. This indicator plots a classical-looking oscillator,
which is really an averaged value based on three different periods.
Let me introduce my CMOabsav Oscillator script.
This indicator plots the absolute value of CMO averaged over three
different lengths. This indicator plots a classical-looking oscillator,
which is really an averaged value based on three different periods.
//////////////////////////////////////////////////////////// // Copyright by HPotter v1.0 18/04/2014 // This indicator plots the absolute value of CMO averaged over three // different lengths. This indicator plots a classical-looking oscillator, // which is really an averaged value based on three different periods. //////////////////////////////////////////////////////////// study(title="CMOabsav", shorttitle="CMOabsav") Length1 = input(5, minval=1) Length2 = input(10, minval=1) Length3 = input(20, minval=1) TopBand = input(70, minval=1) LowBand = input(20, minval=0) hline(0, color=green, linestyle=dashed) hline(TopBand, color=purple, linestyle=line) hline(LowBand, color=red, linestyle=line) xMom = close - close[1] xMomabs = abs(close - close[1]) nSum1 = sum(xMom, Length1) nSumAbs1 = sum(xMomabs, Length1) nSum2 = sum(xMom, Length2) nSumAbs2 = sum(xMomabs, Length2) nSum3 = sum(xMom, Length3) nSumAbs3 = sum(xMomabs, Length3) nRes = abs(100 * (nSum1 / nSumAbs1 + nSum2 / nSumAbs2 + nSum3 / nSumAbs3 ) / 3) plot(nRes, color=blue, title="CMOabsav")
