CMO Timing
Amibroker AFL and Amibroker Data Feeder can be used to fine-tune the timing of trading decisions using the Chande Momentum Oscillator (CMO). By analyzing CMO signals and optimizing entry and exit points, traders can enhance their trading strategies for better results.
_SECTION_BEGIN("CoG_Timing");
// COG timing indicator
// AFL translation by E.M.Pottasch, 2011
// from: http://chartstudio.whselfinvest.com/files/COGTiming.ctl
bi=BarIndex();
eb=LastValue(bi);
period=Param("Period",5,1,10,1);
bars=Param("Lookback Period",100,50,500,1);
sv=ParamToggle("Use Selected Value","Off|On",1);
level1=4;
level2=8;
ul1=ul2=ll1=ll2=Null;
oo=hh=ll=cc=Null;
if (sv)
{
eb=SelectedValue(bi);
bb=Max(0,eb-bars);
}
else
{
bb=Max(0,eb-bars);
}
for(i=bb+period-1;i<=eb;i++)
{
ul1[i]=level1;
ul2[i]=level2;
ll1[i]=-level1;
ll2[i]=-level2;
am=0;
ar=0;
for(j=i-period+1;j<=i;j++)
{
am=am+(High[j]+Low[j])/2;
ar=ar+(High[j]-Low[j])/5;
}
am=am/period;
ar=ar/period;
if(ar!=0)
{
oo[i]=(Open[i]-am)/ar;
hh[i]=(High[i]-am)/ar;
ll[i]=(Low[i]-am)/ar;
cc[i]=(Close[i]-am)/ar;
}
else
{
oo[i]=0;
hh[i]=0;
ll[i]=0;
cc[i]=0;
}
}
C=cc;O=oo;H=hh;L=ll;
Plot(C,"",colorBlack,styleLine | styleThick);
//PlotOHLC(O,H,L,C,"",colorWhite,styleCandle);
//Plot(cc,"Close",colorWhite,styleThick);
//Plot(oo,"\nOpen",colorLightGrey,styleLine);
//Plot(hh,"\nHigh",colorRed,styleLine);
//Plot(ll,"\nLow",colorRed,styleLine);
Plot(ul1,"\nUpper Level 1",colorRed,styleDashed);
Plot(ul2,"\nUpper Level 2",colorRed,styleLine);
Plot(ll1,"\nLower Level 1",colorGreen,styleDashed);
Plot(ll2,"\nLower Level 2",colorGreen,styleLine);
_SECTION_END();