The Compare Price Momentum Oscillator (CPMO), Part 1 by Vitali Apirine
Here is a way you can compare at a glance the momentum of two different market indexes or securities in the same chart. It could also be used to help generate trading signals. In this first part of a three-part series, well look at comparing index momentums.
The compare price momentum oscillator (CPMO) is a new approach to using the DecisionPoint price momentum oscillator (PMO), which was developed by Carl Swenlin. The DecisionPoint PMO is an oscillator based on a rate of change (ROC) calculation and can be used as a relative strength tool ...