This particular Chande’s Momentum Oscilator MMA

• 08/07/2022 at 6:06 AM #198653
  Mary

  

  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)
  // }

  

  Mary

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

  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"

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  // 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.

  1 user thanked author for this post.

  Mary

  

  robertogozzi

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