PMO + Daily SMA(55)

10 Nis

PMO + Daily SMA(55)
This script plots the Price Momentum Oscillator (PMO) using the classic DecisionPoint methodology, along with its signal line and the 55-period Simple Moving Average (SMA) of the daily PMO.

PMO is a smoothed momentum indicator that measures the rate of change and helps identify trend direction and strength. The signal line is an EMA of the PMO, commonly used for crossover signals.

The 55-period SMA of the daily PMO is added as a longer-term trend filter. It remains based on daily data, even when applied to intraday charts, making it useful for aligning lower timeframe trades with higher timeframe momentum.

Ideal for swing and position traders looking to combine short-term momentum with broader trend context.

10 Nis

Sürüm Notları

PMO + SMA(55)
This script plots the Price Momentum Oscillator (PMO) using the classic DecisionPoint methodology, along with its signal line and a 55-period Simple Moving Average (SMA) of the PMO.

PMO is a smoothed momentum indicator that measures the rate of change and helps identify trend direction and strength. The signal line is an EMA of the PMO, commonly used for crossover signals.

The 55-period SMA of the PMO is used as a longer-term trend filter, and it now dynamically adjusts to the chart’s current timeframe—whether daily, intraday, or otherwise. This provides consistent alignment with the active timeframe's momentum dynamics.

Ideal for swing and position traders looking to combine short-term momentum with broader trend context.