๐ Crypto-Sticks: Chande Momentum Oacillator 1.0 by Cryptorthyhms
First release from the Crypto-Sticks series of indicators... brought to you by Cryptorthyhms!
๐Indicator specific Info
I find this implementation of CMO useful for spotting divergences and for creating signals based on the indicator. Some divergences were highlighted on the chart/indicator showing you potential use cases.
๐Crypto-Sticks General Info
๐ญThe idea behind this series isnt polished 100%, and I have some more options I will add in the future. But for now, I want to just release them, as I am not sure when I will have the time to put more work into them (many other big projects I am working on).
๐Its basically reinterpretations/remixes of all your favorite indicators. I calculate the values a little bit differently than normal, but the end result is creating a candlestick chart (for the indicator!). Then I added the option to plot them as Heiken Ashi candles to smooth out noise and make signaling easier.
๐Lastly I implemented a Volume Weighting system for them all which simply normalizes volume and integrates it into the formulas for these indicators. For the most part this feature is experimental and doesnt provude huge utility (yet - I have other ways I want to try it as well - just no time).
๐ I have found the candlestick implementation offers some unique perspectives and I hope you find it useful!
๐If you enjoy the indicators, feel free to give it a like and follow me! Many more free indicators to come in this series.
๐ฌQuestions? Comments? Want to become a subscriber and gain access to tons of powerful custom indicators? Join us on our telegram which is linked in my signature below!
๐Indicator specific Info
I find this implementation of CMO useful for spotting divergences and for creating signals based on the indicator. Some divergences were highlighted on the chart/indicator showing you potential use cases.
๐Crypto-Sticks General Info
๐ญThe idea behind this series isnt polished 100%, and I have some more options I will add in the future. But for now, I want to just release them, as I am not sure when I will have the time to put more work into them (many other big projects I am working on).
๐Its basically reinterpretations/remixes of all your favorite indicators. I calculate the values a little bit differently than normal, but the end result is creating a candlestick chart (for the indicator!). Then I added the option to plot them as Heiken Ashi candles to smooth out noise and make signaling easier.
๐Lastly I implemented a Volume Weighting system for them all which simply normalizes volume and integrates it into the formulas for these indicators. For the most part this feature is experimental and doesnt provude huge utility (yet - I have other ways I want to try it as well - just no time).
๐ I have found the candlestick implementation offers some unique perspectives and I hope you find it useful!
๐If you enjoy the indicators, feel free to give it a like and follow me! Many more free indicators to come in this series.
๐ฌQuestions? Comments? Want to become a subscriber and gain access to tons of powerful custom indicators? Join us on our telegram which is linked in my signature below!