Registered User
Joined: 1/28/2005
Posts: 6,049
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Can the RMO be done in telechart?
Not sure what the metastock code means.
Also not sure of realcode.
It appears there was an equivalent
with a weighted average divided by the range.
(which would be doable in TC)
Thanks
diceman
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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Technically yes, but the Plot is going to have some Scaling issues if you want more than just the RMO. You can get everything onto the same Scale by Plotting SwingTrd1 as a Custom Indicator. The formula would just be:
100 * (C - (1023 * C + 2036 * C1 + 1981 * C2 + 1816 * C3 + 1486 * C4 + 1024 * C5 + 562 * C6 + 232 * C7 + 67 * C8 + 12 * C9 + C10) / 10240) / (MAXC10 - MINC10)
SwingTrd2 is a 30-Period Exponential Moving Average of SwingTrd1.
SwingTrd3 is a 30-Period Exponential Moving Average of SwingTrd2.
RMO is an 81-Period Exponential Moving Average of SwingTrd1.
While everything will be on the same Scale, SwingTrd2, SwingTrd3 and RMO will all be compressed in the middle of the Chart (and the raw SwingTrd1 that defines the scale is an intermediate step that is generally not of interest for itself).
If you just want the RMO, just set the Smoothing Average to 81 and the Average Type to Exponential for the Custom Indicator.
-Bruce
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