OPEN-SOURCE SCRIPT
[blackcat] L1 Vitali Apirine Compare Price Momentum Oscillator
Level 1
Background
Traders’ Tips of August 2020, the focus is Vitali Apirine’s article in the August issue, “The Compare Price Momentum Oscillator (CPMO)”.
Function
In his article in this issue, “The Compare Price Momentum Oscillator (CPMO),” author Vitali Apirine reintroduces us to the DecisionPoint PMO originally developed by Carl Swenlin and presents a new way to use it to compare the relative momentum of two different securities. Trading signals can be derived in a number of ways including momentum, signal line, and zero-line crossovers.
Remarks
This is a Level 1 free and open source indicator.
Feedbacks are appreciated.
Background
Traders’ Tips of August 2020, the focus is Vitali Apirine’s article in the August issue, “The Compare Price Momentum Oscillator (CPMO)”.
Function
In his article in this issue, “The Compare Price Momentum Oscillator (CPMO),” author Vitali Apirine reintroduces us to the DecisionPoint PMO originally developed by Carl Swenlin and presents a new way to use it to compare the relative momentum of two different securities. Trading signals can be derived in a number of ways including momentum, signal line, and zero-line crossovers.
Remarks
This is a Level 1 free and open source indicator.
Feedbacks are appreciated.
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