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Studies · Moving-average oscillators

Price Momentum Oscillator (PMO)

priceMomentumOscillator · DecisionPoint's PMO — a double-smoothed 1-bar percent ROC

Drawn in its own panelReads one column (close here)Guide lines at 0
Hover the chart to read values · practice data: a seeded random walk with no overnight gaps

What it measures

DecisionPoint's momentum line: the one-bar percent change, smoothed twice with custom exponential averages and scaled by ten, with a 10-bar EMA as a signal line. Double smoothing turns a noisy daily change into a slow, readable momentum wave.

How traders use it

  • Crossovers of PMO and its signal line, especially when they happen far from zero.
  • Zero-line crossings for the trend direction.
  • Because PMO is a percentage it can be compared across instruments, which makes it useful for ranking relative strength.

Parameters

None — the study is fully defined by its formula.

Outputs

ValueThe PMO line.
SignalA 10-bar EMA of PMO.

Drawn in one colour, one line per output, told apart by line texture. Hover the chart to read each one.