TMO with Higher Agg_Mobius @ TSL

[tome10]

Thanks MerryDay! so the original code I have has the green overbought area, and the global version has the Red up there. I've tried, but I can't figure out where in the code to change those colors around, can someone point me in the right direction?

 

[MerryDay]

@tome10 I modified post #189 above so the overbought and oversold area colors are now also editable. HTH

 

[Witstock]

Turned this into an upper indicator with breakout arrows and it's amazing for reversals. You'll get alot of fakeouts in choppy markets, so look for confirmations elsewhere. Quickest reversal alert I've found.

# TMO ((T)rue (M)omentum (O)scillator) With Higher Aggregation breakouts only
# Mobius
# custom by WTF_Dude based off V01.05.2018
#hint: TMO calculates momentum using the DELTA of price. Giving a much better picture of trend, trend reversals and divergence than momentum oscillators using price.
 
declare upper;
 
input length = 21;
input calcLength = 5;
input smoothLength = 3;
input agg = AggregationPeriod.DAY;

 
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);
def Main = ExpAverage(EMA5, smoothLength);
def 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 Bull = Crosses(main, signal, CrossingDirection.ABOVE);
plot Bear = Crosses(main, signal, CrossingDirection.BELOW);
Bull.SetPaintingStrategy(PaintingStrategy.BOOLEAN_ARROW_UP);
Bull.SetDefaultColor(Color.CYAN);
Bull.SetLineWeight(2);
Bear.SetPaintingStrategy(PaintingStrategy.BOOLEAN_ARROW_DOWN);
Bear.SetDefaultColor(Color.MAGENTA);
Bear.SetLineWeight(2);

Hey just FYI I was testing the original post 1 minute TMO with 14, 6, 2 (I know 1 minute wasn't recommended) but when I tried your upper study I couldn't get them to match at their pivots now matter how much I tried dialing them in.

 

[MerryDay]

Hey just FYI I was testing the original post 1 minute TMO with 14, 6, 2 (I know 1 minute wasn't recommended) but when I tried your upper study I couldn't get them to match at their pivots now matter how much I tried dialing them in.

Test on higher aggregations, that way you can determine if the problem is due to the noise on the 1min aggregation or if this is a problem that needs trouble-shooting. Come back and tell us your results

 

[MerryDay]

Hi @markos, @MerryDay, @BenTen, I know this thread is for TMO with aggregation, and there's a problem with aggregation when scanning in TOS. I only need the 2 min, is there any way to hard code the 2 min in TMO and not allow any other aggregations (1,3,4,5..etc), so I can use the TOS scanner? TIA.

The ToS platform Scan Hacker only provides for single timeframe scanning.