ChuckBanger

Aroon Histogram + CMO [ChuckBanger]

This is a combination of Aroon and Chande Momentum Oscillator . I made a histogram of Aroon , aqua line is Chande Momentum and the orange line are a simple moving average of Chande Momentum as a signal line.

One strategy you can use this for is to buy or sell when the signal line crosses the CM line or you can buy and sell when CM line is highest or lowest

You should also study how the indicators work separately:
Aroon Oscillator
https://www.investopedia.com/terms/a/aro...
Chande Momentum Oscillator
https://www.investopedia.com/terms/c/cha...
Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Want to use this script on a chart?
My free indicators http://bit.ly/2s828h6
For a list of payed indicators: http://bit.ly/2Yr7wI1

Tip jar, if you want to support my free indicators work
BTC: 3EV8QGKK689kToo1r8pZJXbWDqzyJQtHy6
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