PMO – Price Momentum Oscillator

v10.3
PMO – Price Momentum Oscillator

The Price Momentum Oscillator (PMO) is an oscillator based on a Rate of Change (ROC) calculation that is smoothed twice with exponential moving averages that use a custom smoothing process. Because the PMO is standardized, it can also be used as a relative force tool.

The Price Momentum Oscillator is derived by taking a one period rate of change and smoothing it with two custom smoothing functions. The custom smoothing functions are very similar to Exponential Moving Averages but instead of adding one to the time period setting to create the smoothing multiplier (as in a true EMA), the smoothing functions just use the period by itself.

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Risk disclosure:

No information on this site is investment advice or a solicitation to buy or sell any financial instrument. Past performance is not indicative of future results. Trading may expose you to risk of loss greater than your deposits and is only suitable for experienced investors who have sufficient financial means to bear such risk.

ProRealTime ITF files and other attachments : How to import ITF files into ProRealTime platform?

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  1. supertiti • 09/28/2017 #

    Bonjour Nicolas

    Ne peut-on pas coder ce mĂŞme indicateur en le transformant ” ON CHART ” sur le graphique des prix ?
    La lecture directe sur les prix est souvent bien plus lisible
    merci et bonne journée

    • Nicolas • 09/28/2017 #

      C’est un oscillateur, qui ne partage pas la mĂŞme Ă©chelle et qui a subit une standardisation pour ĂŞtre “bornĂ©”, donc non je ne vois pas vraiment oĂą cela nous mènerai 🙂

  2. Thomas007 • 09/28/2017 #

    Thanks for sharing, Nicolas. Have you tested any strategy based on this oscillator? Would you share your findings, please?

  3. Rafa • 09/28/2017 #

    Hi Nicolas.

    Is it possible to code a screener? is not the first indicator doesn´t allow me to code. The error is not server found

    Cheers

  4. Rafa • 09/28/2017 #

    Sorry.. Internal server error

    the same than others indicators

    • Nicolas • 09/28/2017 #

      Sorry, you mean that you are not able to download the file?

    • Rafa • 09/28/2017 #

      when y try to code a simple screener let´s say signal cross over PMO, is not working and this error appears in the screener list.

  5. Rafa • 09/28/2017 #

    Hi Nicolas, Do you have any solution for this problem?

    • Nicolas • 09/28/2017 #

      Please add a request in proscreener section, much better to explain and understand your problem, thank you.

  6. didger • 09/28/2017 #

    Bonjour Nicolas, et merci pour le partage.

    Est il possible de créer une alerte sur le changement de direction ?

    Merci par avance.

    • Nicolas • 09/28/2017 #

      Oui c’est possible, merci de formuler une requĂŞte dans le forum des indicateurs de trading.

    • ERICM • 09/28/2017 #

      en copiant collant : erreur de syntaxe apparaît le popup demande de définir length1, length2 et siglenth que faut-il corriger ?
      Merci

    • Nicolas • 09/28/2017 #

      En tĂ©lĂ©chargeant le fichier itf et import dans la plateforme, vous n’aurez pas ces problèmes.

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