TMO with Higher Agg_Mobius @ TSL

markos

Well-known member
VIP
I use a separate daily and weekly lower study with this below. It has served me better than most indicators I have tried over the past 20 years or more.

Rich (BB code):
 OneNote Archive Name: TMO True Momentum Oscillator with Higher Aggregation _Mobius 
Archive Section: Momentum 
Suggested Tos Name: TrueMomentumOscillator_w_HigherAggregation_Mobius 
Archive Date: 5.15.2018 
Archive Notes:  
08:43 Mobius: Well give it a few days to get altered, munched, distorted and twisted. Then when it get back to being used as intended someone will start making money with it. 
08:45 Mobius: Oh and in my view - It's highest and best use is as designed with a secondary aggregation plotted either on it or with it around 5 to 10 times higher. 
"" indicates an addition or adjustment by the OneNote Archivist 
Original Code Follows 
 
# TMO ((T)rue (M)omentum (O)scillator) With Higher Aggregation 
# Mobius 
# V01.05.2018 
#hint: TMO calculates momentum using the DELTA of price. Giving a much better picture of trend, tend reversals and divergence than momentum oscillators using price. 
 
declare Lower; 
 
input length = 14; 
input calcLength = 5; 
input smoothLength = 3; 
input agg = AggregationPeriod.Fifteen_min; 
 
def o = open(period = agg); 
def c = close(period = agg); 
def data = fold i = 0 to length 
           with s 
           do s + (if c > getValue(o, i) 
                   then 1 
                   else if c < getValue(o, i) 
                        then - 1 
                        else 0); 
def EMA5 = ExpAverage(data, calcLength); 
plot Main = ExpAverage(EMA5, smoothLength); 
plot Signal = ExpAverage(Main, smoothLength); 
     Main.AssignValueColor(if Main > Signal 
                           then color.green 
                           else color.red); 
     Signal.AssignValueColor(if Main > Signal 
                             then color.green 
                             else color.red); 
     Signal.HideBubble(); 
     Signal.HideTitle(); 
addCloud(Main, Signal, color.green, color.red); 
plot zero = if isNaN(c) then double.nan else 0; 
     zero.SetDefaultColor(Color.gray); 
     zero.hideBubble(); 
     zero.hideTitle(); 
plot ob = if isNaN(c) then double.nan else round(length * .7); 
     ob.SetDefaultColor(Color.gray); 
     ob.HideBubble(); 
     ob.HideTitle(); 
plot os = if isNaN(c) then double.nan else -round(length * .7); 
     os.SetDefaultColor(Color.gray); 
     os.HideBubble(); 
     os.HideTitle(); 
addCloud(ob, length, color.light_red, color.light_red, no); 
addCloud(-length, os, color.light_green, color.light_green); 
# End Code TMO with Higher Aggregation
 
Last edited by a moderator:

San

Member
2019 Donor
@markos, If you don't have issue to share the rule , How to use this TMO indicator based on your experience ?

 
Last edited:

markos

Well-known member
VIP
@BenTen Hi Ben, I did see that, but it didn't have Mobius' notes above the header and this on allows an input to change the agg. I'm glad you started this site. It's always nice to have another place to share and learn from.

@San set the agg at daily on a 1 year chart and pull up ANET, you will see how it changed polarity around new years. Just watch it. I like it better than Mobius' RSI in Laguerre Time. I use a daily and weekly chart for trading in-out spreads and back-ratio spreads.

@markos I forgot to mention that my settings are 21 5 3
 
Last edited:
T

Thomas

Guest
Try keeping the indicator unchanged first, next, Mobius explained that with adjustable aggregation

placed two TMO's in same field:

> 07:51 Mobius: I added an input for agg and changed the two iData points to include that period. It take 2 min to add a second study with an Agg choice.

> 07:52 Mobius: Then I just dragged one study over the other
 
Last edited by a moderator:

San

Member
2019 Donor
@markos , Thanks for sharing your experience. I will adjust the parameter and let see.. In mean while if you make any video session which explain your thoughts its very useful our forum.


 
Last edited:

markos

Well-known member
VIP
@San San, as Thomas posted, try putting your 2 aggs dragged together.

Mobius said that the studys' best use was to use the indicator with 2 aggs; Day/Week or 5min/30min or whatever... It's not how I use it but how it works best for you... there is no need for a video as it is just on indicator among many.

 
Last edited:

San

Member
2019 Donor
@markos , Ok.. l play with this.. let see.. Thanks for your response.

 
Last edited:
T

Thomas

Guest
My daily chart has TMO day/week,.....my weekly chart has weekly/monthly overlay,..you can

SW8wlUZ.png


 
Last edited by a moderator:
Per Mobius I saw in a chat today:

TMO calculates momentum using the delta of price. Giving a much better picture of trend, tend reversals and divergence than momentum oscillators using price.

So the fold expression sums the variance in delta or the bars where close is greater than open vs the bars where close < open for the length input. That variable is then smoothed three times. The second time as the Main Plot line and the last time as a Signal Line.

 
Last edited:

markos

Well-known member
VIP
Hey Thomas, could you share the .mx link that you have for the lower indicator, please?

@iamaterp When both aggs are combined in a lower chart, the longer agg can help confirm what the product or stock, is doing in a different time frame. Put it on and pull up a daily chart of ANET.. That's the best example I have currently..
 
Last edited:

BenTen

Administrative
Staff member
Staff
VIP
Lifetime
@RocketShip You can setup the scanner by selecting something like this. Depending on what kind of signals you're looking for.

RPgiCCC.png


 
Last edited:

Talochka

Member
Hello, Ben!
Do you understand what Mobius ment by this fraze:
Oh and in my view - It's highest and best use is as designed with a secondary aggregation plotted either on it or with it around 5 to 10 times higher.
"" indicates an addition or adjustment by the OneNote Archivist

@Thomas Can you please let me know what is on the bottom of the chaart ? LBR indicator?
 

BenTen

Administrative
Staff member
Staff
VIP
Lifetime
@Talochka I'm tagging @markos here since he has a better understanding of this indicator than I do. Hopefully Mark will be able to assist you.
 

markos

Well-known member
VIP
Hello, Ben!
Do you understand what Mobius ment by this fraze:
Oh and in my view - It's highest and best use is as designed with a secondary aggregation plotted either on it or with it around 5 to 10 times higher.
"" indicates an addition or adjustment by the OneNote Archivist
@Talochka Hi, it means that it works best when used together as a Day/Week or Week/month, or even 15 minute / 4 hour chart.

The code is the TMO in Daily/Weekly format. It is from member Thomas, he has his Daily with bars.
There are extensive notes on TMO and RSI Laguerre in the Tutorial section.
btw, TMO and RSI Laguerre are the 2 most popular Trend-Momentum Hybrid indicators to be found per a recent survey, I forget where I saw that.❓❓
 

HighBredCloud

Well-known member
@BenTen using the example from post #18...I am coming up empty handed...Do I need to select crosses above or below or just simply crosses like you have on the pic? Is there an official TMO scan?
 

BenTen

Administrative
Staff member
Staff
VIP
Lifetime
@HighBredCloud It's as simple as what you're trying to scan. Are you looking for when the signal line crosses above the over sold line? If so, you would select the crosses above option and vice versa.
 

BenTen

Administrative
Staff member
Staff
VIP
Lifetime
@HighBredCloud I believe that's when the Main line and the Signal line crosses each other. Not sure which one goes first. Play around with different options and you should see it.
 

Similar threads

The Market Trading Game Changer

Join 2,500+ subscribers inside the useThinkScript VIP Membership Club
  • Exclusive indicators
  • Proven strategies & setups
  • Private Discord community
  • ‘Buy The Dip’ signal alerts
  • Exclusive members-only content
  • Add-ons and resources
  • 1 full year of unlimited support

Frequently Asked Questions

What is useThinkScript?

useThinkScript is the #1 community of stock market investors using indicators and other tools to power their trading strategies. Traders of all skill levels use our forums to learn about scripting and indicators, help each other, and discover new ways to gain an edge in the markets.

How do I get started?

We get it. Our forum can be intimidating, if not overwhelming. With thousands of topics, tens of thousands of posts, our community has created an incredibly deep knowledge base for stock traders. No one can ever exhaust every resource provided on our site.

If you are new, or just looking for guidance, here are some helpful links to get you started.

What are the benefits of VIP Membership?
VIP members get exclusive access to these proven and tested premium indicators: Buy the Dip, Advanced Market Moves 2.0, Take Profit, and Volatility Trading Range. In addition, VIP members get access to over 50 VIP-only custom indicators, add-ons, and strategies, private VIP-only forums, private Discord channel to discuss trades and strategies in real-time, customer support, trade alerts, and much more. Learn all about VIP membership here.
How can I access the premium indicators?
To access the premium indicators, which are plug and play ready, sign up for VIP membership here.
Top