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Chande's Momentum Oscillator II
From: tonikarhu <tonikarhu / at /> <tonikarhu / at />
To: Metastockusers / at / <Metastockusers / at />
Date: Saturday, February 8, 2003, 4:24:57 PM
Subject: [Metastockusers] Different timeframes

How can I use different timeframes in the system tester, for instance if I wanted a weekly CMO and a Dayly CMO the dayly 5 day would be


but chat would a 5 week CMO be like??




From: Roy Larsen <rlarsen / at />
To: Metastockusers / at / <Metastockusers / at />
Date: Sunday, February 9, 2003, 10:25:12 PM
Subject: [Metastockusers] Different timeframes


> How can I use different timeframes in the system tester, for instance
> if I wanted a weekly CMO and a Dayly CMO the dayly 5 day would be
> CMO(C,5)
> but chat would a 5 week CMO be like??

A 5 week CMO would sample data only on the last day of the week. This is not quite as straightforward as one might think, but it can be done. First one needs to have an accurate breakdown of how the CMO is constructed. I have some code that appears to be the prerequisite for a normal data array so I'll take it further when I get a moment (24-48 hours).


Here is the standard CMO (source unknown).

Chande's Momentum Oscillator II

{define an up day and down day}
downday:=If(Ref(C,-1)> C,Ref(C,-1)-C,0);
{sum up the up and down days over the given period}
{define the CMO}



From that indicator structure a weekly CMO for daily charts can be constructed. The following example does NOT have a dynamic current week, and neither will it update until Monday data is added if Friday data is missing. Both of these issues can be easily addressed but for normal over-the-weekend analysis this indicator will return the weekly CMO value when used in daily explorations.

Please understand that this is not intended to be the ultimate solution but it is simply an example of a basic weekly CMO for daily charts.



Chande's Momentum Oscillator - Weekly 4 Daily Charts

Pd:=Input("Periods in Weeks",1,99,10);
F:=DayOfWeek()=5; {Friday}
M:=DayOfWeek()<=Ref(DayOfWeek(),-1); {Monday}
Ew:=If(F,1,If(Alert(F,2)=0 AND M,2,0)); {end of week}
Ud:=If(C0>C1,C0-C1,0); {up week}
Dd:=If(C0<C1,C1-C0,0); {down week}
U:=Cum(If(Ew>0,Ud,0))-ValueWhen(Pd+1,Ew,Cum(If(Ew,Ud,0))); {sum of up weeks}
D:=Cum(If(Ew>0,Dd,0))-ValueWhen(Pd+1,Ew,Cum(If(Ew,Dd,0))); {sum of down weeks}


Source / From: TOP

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