HPotter

CMOabsav

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Hi
Let me introduce my CMOabsav Oscillator script.
This indicator plots the absolute value of CMO             averaged over three
different lengths. This indicator plots a classical-looking oscillator,
which is really an averaged value based on three different periods.
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////////////////////////////////////////////////////////////
//  Copyright by HPotter v1.0 18/04/2014
//    This indicator plots the absolute value of CMO averaged over three 
//    different lengths. This indicator plots a classical-looking oscillator, 
//    which is really an averaged value based on three different periods.
////////////////////////////////////////////////////////////
study(title="CMOabsav", shorttitle="CMOabsav")
Length1 = input(5, minval=1)
Length2 = input(10, minval=1)
Length3 = input(20, minval=1)
TopBand = input(70, minval=1)
LowBand = input(20, minval=0)
hline(0, color=green, linestyle=dashed)
hline(TopBand, color=purple, linestyle=line)
hline(LowBand, color=red, linestyle=line)
xMom = close - close[1]
xMomabs = abs(close - close[1])
nSum1 = sum(xMom, Length1)
nSumAbs1 = sum(xMomabs, Length1)
nSum2 = sum(xMom, Length2)
nSumAbs2 = sum(xMomabs, Length2)
nSum3 = sum(xMom, Length3)
nSumAbs3 = sum(xMomabs, Length3)
nRes = abs(100 * (nSum1 / nSumAbs1 + nSum2 / nSumAbs2 + nSum3 / nSumAbs3 ) / 3)
plot(nRes, color=blue, title="CMOabsav")
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