This particular Chande’s Momentum Oscilator MMA

Viewing 2 posts - 1 through 2 (of 2 total)

Author

Posts
08/07/2022 at 6:06 AM #198653 quote

Mary
Participant

Average

[attachment file=”198654″]

Hello, could anyone Please help translating this particular Chande Momentum Oscillator from TradingView to ProRealtime. The code is below:

study(title=”[RS]Chande’s Momentum Oscilator – MMA”, shorttitle=”[RS]CMO-MMA”)
// Notes : {
// @author : RicardoSantos
// Chande’s Momentum Oscilator:
//
// ((Su – Sd) / (Su + Sd)) * 100
//
// – Su is the sum of the momentum of up days in the period under analysis
// – Sd is the sum of the momentum of down days in the period under analysis.
// – The default period is the last 9 days.
// }

// Input : {
p = input(24, title=”Period:”)
hl = input(40, title=”Overbought:”)
ll = input(-40, title=”Oversold:”)
// }

// Function : {
s = close
Su = sma(close > open ? s – s[1] : 0, p)
Sd = sma(close < open ? abs(s – s[1]) : 0, p)

cmo = ((Su – Sd)/(Su + Sd))*100
ma1 = ema(cmo, 12)
ma2 = ema(ma1, 24)
ma3 = ema(ma2, 48)
// }

// Output : {
// Color Switches :
c0 = cmo > ma1 ? #337e33 : #B44949
c1 = ma1 > cmo ? #bc5a5a : #42a242
c2 = ma2 > cmo ? #a24242 : #5abc5a
c3 = ma3 > cmo ? #7e3333 : #7fcb7f

// Lines :
plot(0, color=black, style=circles)
p1 = plot(hl, color=#9a85b4, style=circles)
p2 = plot(ll, color=#9a85b4, style=circles)
fill(p1,p2, color=#9a85b4, transp=80)

// Chande’s MO MA’s
plot(cmo, color=c0, style=line, linewidth=2)
plot(ma1, color=c1, style=circles, linewidth=2, join=true)
plot(ma2, color=c2, style=circles, linewidth=2, join=true)
plot(ma3, color=c3, style=circles, linewidth=2, join=true)
// }

Chande-Oscillator.png

08/07/2022 at 10:14 AM #198662 quote
robertogozzi
Moderator

Legend
This should do:
```
// Chande Momentum Oscillator (CMO) - MMA
//
// http://www.traderpedia.it/wiki/index.php/Chande_Momentum_Oscillator
// https://www.investopedia.com/terms/c/chandemomentumoscillator.asp
//
//DEFPARAM CalculateOnLastBars = 1000
//p    = 20                  //20  periods
//M1   = 12                  //12  Ema periods
//M2   = 24                  //24  Ema periods
//M3   = 48                  //48  Ema periods
//Type = 1                   //1=Ema   (supported types 0 - 8)
//
p    = max(1,min(999,p))     //1 - 999
M1   = max(1,min(999,M1))    //1 - 999
M2   = max(1,min(999,M2))    //1 - 999
M3   = max(1,min(999,M3))    //1 - 999
Type = max(0,min(8,Type))    //0 - 8
//
x    = close - close[1]
Su   = summation[p](x * (x > 0))
Sd   = summation[p](abs(x) * (x < 0))
CMO  = ((Su - Sd) / (Su + Sd)) * 100
//----------------------------------
//        alternative code:
//IF BarIndex = 0 THEN
//   SumUP = 0
//   SumDN = 0
//ENDIF
//SumUP = abs(max(close - close[1],0))
//SumDN = abs(min(close - close[1],0))
//Su    = summation[p](SumUP)
//Sd    = summation[p](SumDN)
//CMO = 100 * ((Su - Sd) / (Su + Sd))
////----------------------------------
ma1  = Average[M1,Type](CMO)
ma2  = Average[M2,Type](CMO)
ma3  = Average[M3,Type](CMO)
RETURN CMO as "Chande Momentum Oscillator",ma1 AS "ma1",ma2 AS "ma2",ma3 AS "ma3"
```
You can easily set the colours and the style of your choice via the indicator’s settings.

Mary thanked this post

Chande-Momentum-Osc.-CMO-MMA.itf
Author

Posts