Combo Backtest 123 Reversal & CMOfilt This is combo strategies for get a cumulative signal. 
 First strategy
 This System was created from the Book "How I Tripled My Money In The 
 Futures Market" by Ulf Jensen, Page 183. This is reverse type of strategies.
 The strategy buys at market, if close price is higher than the previous close 
 during 2 days and the meaning of 9-days Stochastic Slow Oscillator is lower than 50. 
 The strategy sells at market, if close price is lower than the previous close price 
 during 2 days and the meaning of 9-days Stochastic Fast Oscillator is higher than 50.
 Second strategy
 This indicator plots a CMO which ignores price changes which are less 
 than a threshold value. CMO was developed by Tushar Chande. A scientist, 
 an inventor, and a respected trading system developer, Mr. Chande developed 
 the CMO to capture what he calls "pure momentum". For more definitive 
 information on the CMO and other indicators we recommend the book The New 
 Technical Trader by Tushar Chande and Stanley Kroll.
 The CMO is closely related to, yet unique from, other momentum oriented 
 indicators such as Relative Strength Index, Stochastic, Rate-of-Change, etc. 
 It is most closely related to Welles Wilder`s RSI, yet it differs in several ways:
 - It uses data for both up days and down days in the numerator, thereby directly 
 measuring momentum;
 - The calculations are applied on unsmoothed data. Therefore, short-term extreme 
 movements in price are not hidden. Once calculated, smoothing can be applied to the 
 CMO, if desired;
 - The scale is bounded between +100 and -100, thereby allowing you to clearly see 
 changes in net momentum using the 0 level. The bounded scale also allows you to 
 conveniently compare values across different securities.
 WARNING:
 - For purpose educate only
 - This script to change bars colors.
Cmoflit
Combo Strategy 123 Reversal & CMOfilt This is combo strategies for get a cumulative signal. 
 First strategy
 This System was created from the Book "How I Tripled My Money In The 
 Futures Market" by Ulf Jensen, Page 183. This is reverse type of strategies.
 The strategy buys at market, if close price is higher than the previous close 
 during 2 days and the meaning of 9-days Stochastic Slow Oscillator is lower than 50. 
 The strategy sells at market, if close price is lower than the previous close price 
 during 2 days and the meaning of 9-days Stochastic Fast Oscillator is higher than 50.
 Second strategy
 This indicator plots a CMO which ignores price changes which are less 
 than a threshold value. CMO was developed by Tushar Chande. A scientist, 
 an inventor, and a respected trading system developer, Mr. Chande developed 
 the CMO to capture what he calls "pure momentum". For more definitive 
 information on the CMO and other indicators we recommend the book The New 
 Technical Trader by Tushar Chande and Stanley Kroll.
 The CMO is closely related to, yet unique from, other momentum oriented 
 indicators such as Relative Strength Index, Stochastic, Rate-of-Change, etc. 
 It is most closely related to Welles Wilder`s RSI, yet it differs in several ways:
 - It uses data for both up days and down days in the numerator, thereby directly 
 measuring momentum;
 - The calculations are applied on unsmoothed data. Therefore, short-term extreme 
 movements in price are not hidden. Once calculated, smoothing can be applied to the 
 CMO, if desired;
 - The scale is bounded between +100 and -100, thereby allowing you to clearly see 
 changes in net momentum using the 0 level. The bounded scale also allows you to 
 conveniently compare values across different securities.
 WARNING:
 - For purpose educate only
 - This script to change bars colors.
CMOfilt BacktestThis indicator plots a CMO which ignores price changes which are less 
 than a threshold value. CMO was developed by Tushar Chande. A scientist, 
 an inventor, and a respected trading system developer, Mr. Chande developed 
 the CMO to capture what he calls "pure momentum". For more definitive 
 information on the CMO and other indicators we recommend the book The New 
 Technical Trader by Tushar Chande and Stanley Kroll.
 The CMO is closely related to, yet unique from, other momentum oriented 
 indicators such as Relative Strength Index, Stochastic, Rate-of-Change, etc. 
 It is most closely related to Welles Wilder`s RSI, yet it differs in several ways:
 - It uses data for both up days and down days in the numerator, thereby directly 
 measuring momentum;
 - The calculations are applied on unsmoothed data. Therefore, short-term extreme 
 movements in price are not hidden. Once calculated, smoothing can be applied to the 
 CMO, if desired;
 - The scale is bounded between +100 and -100, thereby allowing you to clearly see 
 changes in net momentum using the 0 level. The bounded scale also allows you to 
 conveniently compare values across different securities.
 You can change long to short in the Input Settings
 Please, use it only for learning or paper trading. Do not for real trading.
CMOfilt Strategy This indicator plots a CMO which ignores price changes which are less 
 than a threshold value. CMO was developed by Tushar Chande. A scientist, 
 an inventor, and a respected trading system developer, Mr. Chande developed 
 the CMO to capture what he calls "pure momentum". For more definitive 
 information on the CMO and other indicators we recommend the book The New 
 Technical Trader by Tushar Chande and Stanley Kroll.
 The CMO is closely related to, yet unique from, other momentum oriented 
 indicators such as Relative Strength Index, Stochastic, Rate-of-Change, etc. 
 It is most closely related to Welles Wilder`s RSI, yet it differs in several ways:
 - It uses data for both up days and down days in the numerator, thereby directly 
 measuring momentum;
 - The calculations are applied on unsmoothed data. Therefore, short-term extreme 
 movements in price are not hidden. Once calculated, smoothing can be applied to the 
 CMO, if desired;
 - The scale is bounded between +100 and -100, thereby allowing you to clearly see 
 changes in net momentum using the 0 level. The bounded scale also allows you to 
 conveniently compare values across different securities.



