Fibonacchi CMO
Fibonacci CMO within Amibroker might represent a Fibonacci-based Chande Momentum Oscillator. This indicator likely integrates Fibonacci ratios into momentum analysis to identify potential market conditions. Its reliance on the Amibroker data feed ensures accurate momentum calculations based on Fibonacci principles.
/_SECTION_BEGIN("Fib CMO");
//
// Here is the "fib CMO" formula which was first shown by Uncle Steve, I
// cooked it up with all kinds of parameter functions Enjoy =)
//
//------------------------------------------------------------------------------
//This is Uncle Steve's FibCMO
//Code written by Mark Leon from the DTG
//Right Click select pram "parameters" AND you will have pretty
//much any variable you need.....
Line1=Param("Zero Line",0,-50,50,1);
Line2=Param("pos line",21,-50,50,1);
Line3=Param("neg line",-21,-50,50,1);
pds1=Param("CMO3",3,2,10,1);
CMOa=Sum( IIf( C > Ref( C, -1 ) , ( C - Ref( C ,-1 ) )
,0 ) ,pds1 ) ;
CMOb=Sum( IIf( C < Ref( C ,-1 ) , ( Ref( C ,-1 ) - C )
,0 ) ,pds1 );
CMO=100 * (( CMOa-CMOb) / ( CMOa+CMOb));
pds2=Param("CMO5",5,2,15,1);
CMOc=Sum( IIf( C > Ref( C, -1 ) , ( C - Ref( C ,-1 ) )
,0 ) ,pds2 ) ;
CMOd=Sum( IIf( C < Ref( C ,-1 ) , ( Ref( C ,-1 ) - C )
,0 ) ,pds2 );
CMO1=100 * (( CMOc-CMOd) / ( CMOc+CMOd));
pds3=Param("CMO8",8,5,20,1);
CMOe=Sum( IIf( C > Ref( C, -1 ) , ( C - Ref( C ,-1 ) )
,0 ) ,pds3 ) ;
CMOf=Sum( IIf( C < Ref( C ,-1 ) , ( Ref( C ,-1 ) - C )
,0 ) ,pds3 );
CMO2=100 * (( CMOe-CMOf) / ( CMOe+CMOf));
FIBCMO=(CMO+CMO1+CMO2)/3;
Plot(FIBCMO, "FIB CMO", ParamColor( "FIB CMO Color",
colorRed ) );
Plot(Line1,"0", ParamColor( "0 Line Color", colorBlack
),styleDots );
Plot(Line2,"+21", ParamColor( "+21 Line Color",
colorBlack ),styleThick );
Plot(Line3,"-21", ParamColor( "-21 Line Color",
colorBlack ),styleThick );
_SECTION_END();