M-Oscillator crossover

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03/15/2019 at 11:31 AM #93776 quote

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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")