As requested by @andyj on the M-Oscillator page (https://www.prorealcode.com/prorealtime-indicators/m-oscillator/) I coded this crossover screener:
Period = 14 //Number of Periods
ct = close //Today's close
S = 0
FOR i = 1 TO Period
cp = close[i]
r = (ct - cp) > 0 //R = Today's CLOSE - Previous Day's CLOSE, 1 = today > yesterday
IF r = 0 THEN
r = ((ct - cp) < 0) * -1 //R = Today's CLOSE - Previous Day's CLOSE, -1 = today < yesterday
ENDIF
s = s + r //Sum up all r's
NEXT
Ema5 = ExponentialAverage[5](s) //Histogram
Ema3 = ExponentialAverage[3](Ema5)//M-Oscillator
//Ema3b = ExponentialAverage[3](Ema3)//Signal Line
Result = Ema3 CROSSES OVER 0
SCREENER[Result](close AS "Price")
Roberto – you should post your screeners to the library.
You are right Vonasi, I’ll add it. But it’s easier to post it here.