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Description
In the article 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 for comparing the relative momentum of two different securities.
Trading signals can be derived in several ways, including momentum, signal line, and zero-line crossovers.
One of the most advanced and statistically productive strategies is to utilize the cross components for going Long when above the zero value, and for going Short when below the zero value.
You can also find the Volume Price Momentum indicator at the following link: https://ctrader.com/algos/indicators/show/3543
mfejza
Joined on 25.01.2022
- Distribution: Free
- Language: C#
- Trading platform: cTrader Automate
- File name: mComparePriceMomentumOscillator.algo
- Rating: 5
- Installs: 505
- Modified: 13/08/2023 11:30
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MF
mfejza
·
1 year ago