Syntax
public PMO(DataSeries ds, int period1, int period2, string description)
public static PMO(DataSeries ds, int period1, int period2)
public PMOSignal(DataSeries ds, int period1, int period2, int period3, string description)
public static PMOSignal(DataSeries ds, int period1, int period2, int period3)
Parameter Description
| ds | DataSeries |
| period1 | 1st smooth period |
| period2 | 2nd smooth period |
| period3 | Signal line period |
Description
The DecisionPoint Price Momentum Oscillator (PMO) is double smoothed oscillator based on 1-day
Rate of Change with a custom smoothing process.
Calculation
Refer to
Price Momentum Oscillator Formula and Calculations at marketvolume.com
Interpretation
Similar to
MACD. The Price Momentum Oscillator oscillate around zero line, so positive readings indicate a bullish trend and vice versa. Crossovers of the PMO with the center line can generate buy and sell signals.
Being normalized, the PMO can also be used to rank stocks as a relative strength tool.
For more insight refer to
DecisionPoint Price Momentum Oscillator (PMO) at StockCharts
Example
No example currently available