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Version of RMO oscillator by Allexander Gettinger
RMO version by Alexander Gettinger
Got a formula for exit swing indicator (that is a part of RMO system) from a member ... so here it is
The metastock formula is the following :
Revised Rahul Mohindars swing exit indicator. It is made using different type of rsi and now it is much smoother (here is a comparison : upper is the old version, lower is the new, smoother version - it seems to filter out some false signals without adding lag to the indicator itself
To improve the results with HMO add 50SMA to charts. If price above 50SMA only buys and if price below 50SMA only sells. Get less false entries. Also add RSI (5) 80/20 and watch price above or below line 50. If price rise above 50 look for buys if falls below 50 look for sells.
If price reaches 80/20 extremes be ready for change (not the diapers!). Use the velocity indicator presented by Mladen or other good momentum colored candle indicator.
Cheers Hermes
Hi There
This is my first post on this forum.I need some modification in your valuable indicator.
"rmo+signals color"
Can you please modify this for me I shall be very greatful to you.
What I need is "price bar color change with line (LIME COLOR LINE) crossing zero level,I mean Blue price bar color when LIME COLOR LINE crossover Zero Level and remain Blue colored bars AND Red price bar color when LIME COLOR LINE crossunder zero level. & remain Red colored bars.
Thanks in Advance
Uday
Hi There
This is my first post on this forum.I need some modification in your valuable indicator.
"rmo+signals color"
Can you please modify this for me I shall be very greatful to you.
What I need is "price bar color change with line (LIME COLOR LINE) crossing zero level,I mean Blue price bar color when LIME COLOR LINE crossover Zero Level and remain Blue colored bars AND Red price bar color when LIME COLOR LINE crossunder zero level. & remain Red colored bars.
Thanks in Advance
UdayUday
Try this out : rmo__signals_on_chart_variation.mq4
Hi mladen
Thanks for your quick reply,sorry to say the indicator you suggested is not plotting anything on the chart.
Let me clarify I need the candle/bar color, to be change according to LIME COLOR LINECROSSING ABOVE/BELOW ZERO LEVEL not according to signal crossovers.
Please provide me the indicator with above modification.
Thanks
Uday
Hi mladen
Thanks for your quick reply,sorry to say the indicator you suggested is not plotting anything on the chart.
Let me clarify I need the candle/bar color, to be change according to LIME COLOR LINECROSSING ABOVE/BELOW ZERO LEVEL not according to signal crossovers.
Please provide me the indicator with above modification.
Thanks
UdayUday
Right click on the chart and uncheck the "chart on foreground". It will then be visible
Mladen Thanks a lot to you
This is why this forum is great only because of helping hands like you,I really appreciate.
Can I get the marketscope conversion of these indicator.
Thanks again
Uday
Mladen Thanks a lot to you
This is why this forum is great only because of helping hands like you,I really appreciate.
Can I get the marketscope conversion of these indicator.
Thanks again
UdaySorry
Never coded for it