Justin

Evo System CMO

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This is the Evolution System CMO             using the HMA's as the source.
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//@version=2
study(title = "Evo CMO", overlay = false)
//HMA's
n=input(title="HMA for CMO Must Match",type=integer,defval=9)
n2ma=2*wma(close,round(n/2))
nma=wma(close,n)
diff=n2ma-nma
sqn=round(sqrt(n))
c=input(title="HMA 2 for CMO Must Match",type=integer,defval=9)
n2ma6=2*wma(open,round(c/2))
nma6=wma(open,c)
diff6=n2ma6-nma6
sqn6=round(sqrt(c))
a1=wma(diff6,sqn6)
a=wma(diff,sqn)
//CMO
len = 1
gains= sum(a1>a, len)
losses = sum(a1<a, len)
cmo = 100 * (gains - losses) / (gains + losses)
plot(cmo, color=teal)
upper = hline(50, color=orange)
lower = hline(-50, color=orange)

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