TOS CMO study

gistfile1.txt

input length = 20;

def curClose = close;
def prevClose = close[1];
def inc = if curClose > prevClose then curClose - prevClose else 0;
def dec = if prevClose > curClose then prevClose - curClose else 0;

def sumInc = sum(inc, length);
def sumDec = sum(dec, length);
plot CMO = if sumInc + sumDec == 0 then 0 else (sumInc - sumDec) / (sumInc + sumDec) * 100;
CMO.SetDefaultColor(GetColor(8));

plot ZeroLine = 0;
ZeroLine.SetDefaultColor(GetColor(5));

plot UpperLevel = 50;
UpperLevel.SetDefaultColor(GetColor(5));

plot LowerLevel = -50;
LowerLevel.SetDefaultColor(GetColor(5));

input over_Bought = 100;
input over_Sold = -50;
plot OverSold = over_Sold;
plot OverBought = over_Bought;
OverSold.SetDefaultColor(GetColor(1));
OverBought.SetDefaultColor(GetColor(1));