PMO Price Momentum Oscillator
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Topic moved to English forum screener section.
I spotted the problem, caused by the used of the choice made of the moving average type in the “average” instruction (set to mode 1 which is Exponential one = EMA). I changed the code to the “exponentialaverage” instruction instead and it works correctly now.
//PRC_Price Momentum Oscillator //28.09.2016 //Nicolas @ www.prorealcode.com //Sharing ProRealTime knowledge // --- 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) pmols=exponentialaverage[siglength](pmol) endif test = pmol crosses over pmols or pmol crosses under pmols screener[test]
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Topic Details
| Forum: | ProScreener: Market Scanners & Detection |
| Language: | English |
| Started: | 10/09/2017 |
| Status: | Active |
| Attachments: | 1 files |
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