(CMO indicator) (still not solved) help us to solve this problem i have requested in 2024? (I provided the script code)

Trading Charts & Strategies 📈
1

CMO (Chande Momentum Oscillator) indicator currently does not have the option to add custom horizontal line ranges like we can in the RSI indicator.

For better visual analysis, I’d like to request the ability to add two horizontal lines — for example, at +25 and -25 — within the CMO indicator settings. This would help identify overbought and oversold zones more effectively, just like we do with RSI levels at 70/30 or 80/20.

Please consider adding this feature in future updates.

Thanks!

image
image1464×721 123 KB

Please add this option… I have requested this feature in 24 feb 2024 … still i am looking for it … hope dhan will fix this

If you need script code for fix this - this one ---- CMO (Chande Momentum Oscillator) Strategy — Indicator by HPotter — TradingView

////////////////////////////////////////////////////////////
study(title="CMO (Chande Momentum Oscillator)", shorttitle="CMO")
Length = input(9, minval=1)
TopBand = input(70, minval=1)
LowBand = input(-70, maxval=-1)
hline(0, color=gray, linestyle=dashed)
hline(TopBand, color=red, linestyle=line)
hline(LowBand, color=green, linestyle=line)
xMom = abs(close - close[1])
xSMA_mom = sma(xMom, Length)
xMomLength = close - close[Length]
nRes = 100 * (xMomLength / (xSMA_mom * Length))
pos = iff(nRes > TopBand, 1,
   iff(nRes <= LowBand, -1, nz(pos[1], 0))) 
barcolor(pos == -1 ? red: pos == 1 ? green : blue )
plot(nRes, color=blue, title="CMO")

image
image1803×631 73.1 KB

1 Like
2

CMO range code is here

////////////////////////////////////////////////////////////
study(title="CMO (Chande Momentum Oscillator)", shorttitle="CMO")
Length = input(9, minval=1)
TopBand = input(70, minval=1)
LowBand = input(-70, maxval=-1)
hline(0, color=gray, linestyle=dashed)
hline(TopBand, color=red, linestyle=line)
hline(LowBand, color=green, linestyle=line)
xMom = abs(close - close[1])
xSMA_mom = sma(xMom, Length)
xMomLength = close - close[Length]
nRes = 100 * (xMomLength / (xSMA_mom * Length))
pos = iff(nRes > TopBand, 1,
   iff(nRes <= LowBand, -1, nz(pos[1], 0))) 
barcolor(pos == -1 ? red: pos == 1 ? green : blue )
plot(nRes, color=blue, title="CMO")
3

Hi @Himangshu, sorry for the delay in response.

We have taken note of your suggestion for CMO indicator and shared it with the relevant team for consideration and implementation. We appreciate your patience.

1 Like
4

@Mohseen_Usmani any update…

5

Hi @Himangshu, we have noted your suggestion and shared it with the relevant team for exploring the possibilities and implementation; however, we will not be able to share TAT for this. We appreciate your patience and understanding.

1 Like