mrtools wrote: Thu May 23, 2024 4:09 am Made this version also try here

Thank you very much!

Dynamic Momentum Oscillator

The Dynamic Momentum Oscillator (DMO) is a technical indicator designed to measure and forecast the momentum of price.

It's core consists of a:

• Momentum calculation and;
• Dynamic range assessment (range of periods)

Combined together, this indicator provides thorough insights into trending markets and OB/OS (overbought/oversold) conditions.

How is the DMO indicator different to the RSI and Stochastic?

The DMO stands out from traditional momentum indicators like the RSI or Stochastic Oscillator because it focuses on the momentum based on the price movement. This allows it to provide signals that are more in tune with the current market conditions, especially when there's a lot of ups and downs in the market.

The DMO was originally designed to be used in two ways:

• Keep an eye out for possible changes in trends when the DMO goes above the overbought level or below the oversold levels.
• Watch for crossovers: you should consider buying when the DMO line goes above zero and think about selling when it drops below zero.

How can it be used in Forex?

For volatile instruments such as Forex and Indices, the DMO is should be used for trend entry signals whenever the DMO line breaks into the Oversold or Overbought areas. Using the oscillator this way is often referred to as "Lambert's Way" which is the correct way to use the CCI Oscillator.

For example:

• When the DMO breaks above +0.3, enter a Buy position.
• When the DMO breaks below the -0.3, enter a Sell position.

This indicator displays it's colored signals in such way to reflect this style of trading.

mrtools wrote: Wed Mar 31, 2021 3:10 am Made this version with adjustable level alerts.

Dear mrtools
Would you please add option for 0-1 histo
Thanks

talaate wrote: Wed Aug 28, 2024 9:07 pm Dear mrtools
Would you please add option for 0-1 histo
Thanks

Need to make a new version, can you tell me if that is the jurik version?

mrtools wrote: Thu Aug 29, 2024 2:41 am Need to make a new version, can you tell me if that is the jurik version?

Dear mrtools
this version is published just with MTF, smoothing and alerts and no jurik in this link:
download/file.php?id=3387695
However, there is another one with original codes mq4 and more simple 0-1 histo without smoothing which I like it her:
download/file.php?id=3388068
you may add alerts to the simple one as I am in fact using 1 for smoothing in most cases
Regarding

talaate wrote: Thu Aug 29, 2024 2:58 am Dear mrtools
this version is published just with MTF, smoothing and alerts and no jurik in this link:
download/file.php?id=3387695
However, there is another one with original codes mq4 and more simple 0-1 histo without smoothing which I like it her:
download/file.php?id=3388068
you may add alerts to the simple one as I am in fact using 1 for smoothing in most cases
Regarding

Would this work?

mrtools wrote: Fri Aug 30, 2024 1:39 am Would this work?

Many Thanks, Yes it is ok for me

kvak wrote: Wed Aug 28, 2024 8:27 am Dynamic Momentum Oscillator

The Dynamic Momentum Oscillator (DMO)

Updated version. PM request.
Added signal and coloring logic for it.
Also I find bug with arrows, which aren't deleted properly. Fixed in this version.

kvak wrote: Fri Jul 30, 2021 8:08 am Hi.
I found inconsistencies in my calculating of DSL levels. Now, when you choose for signal regular ema in Mrtools indy, Levels are equal.

@kvak Dear kvak, could you please add Relative MA (regularized)? Thank you

qwepoi123 wrote: Wed Sep 11, 2024 4:09 pm @kvak Dear kvak, could you please add Relative MA (regularized)? Thank you

Hello. Test this new version CLICK