How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Feature Request FAQ Help & Wiki Twitter

# Indicator: Rahul Mohindar Oscillator (RMO)

8865 3
This indicator is a gauge to market direction. It is displayed as a histogram. As a bullish “buy” sign, we will look for the point at which the histogram shows movement crossing the oscillator’s zero line going upwards. If it should go down and cross the line going down, that would be our “sell” sign, or a “short-sell” sign.

I personally use this only for confirmation.
```//
// @author LazyBear
//
study(title = "Rahul Mohinder Oscillator [LazyBear]", shorttitle="RMO_LB")
C=close
cm2(x) => sma(x,2)
ma1=cm2(C)
ma2=cm2(ma1)
ma3=cm2(ma2)
ma4=cm2(ma3)
ma5=cm2(ma4)
ma6=cm2(ma5)
ma7=cm2(ma6)
ma8=cm2(ma7)
ma9=cm2(ma8)
ma10=cm2(ma9)
SwingTrd1 = 100 * (close - (ma1+ma2+ma3+ma4+ma5+ma6+ma7+ma8+ma9+ma10)/10)/(highest(C,10)-lowest(C,10))
SwingTrd2=ema(SwingTrd1,30)
SwingTrd3=ema(SwingTrd2,30)
RMO= ema(SwingTrd1,81)
Sell=cross(SwingTrd3,SwingTrd2)
Bull_Trend=ema(SwingTrd1,81)>0
Bear_Trend=ema(SwingTrd1,81)<0
Ribbon_kol=Bull_Trend ? green : (Bear_Trend ? red : blue)
Impulse_UP= SwingTrd2 > 0
Impulse_Down= RMO < 0
bar_kol=Impulse_UP ? green : (Impulse_Down ? red : (Bull_Trend ?  green : blue))
bgcolor(Ribbon_kol)
plot(RMO,color=bar_kol, style=histogram)
hline(0)```

## Related Ideas

I spot divergences
How can I use a graph like that on real time? Could you please tell me wich software could make use of your formula? Is it metastock?
How can I use a graph like that on real time? Could you please tell me wich software could make use of your formula? Is it metastock?
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia

한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter