Can someone explain me in deep the RMO formula?
I understand those variables:
MA = Moving Average
HHV = highest high value
LLV = lowest low value
But not sure for this one ant not at all for the next:
Close = Price at the end of the day? I presume? Im right?
C =? This C letter is my nightmare. I tried to find its meaning all over Internet in vain.
Can someone help me to understand this C value?
Thanks
Here one of the formulas of RMO I found:
SwingTrd1 = 100 * (Close - ((MA(C,2)+
MA(MA(C,2),2)+
MA(MA(MA(C,2),2),2) +
MA(MA(MA(MA(C,2),2),2),2) +
MA(MA(MA(MA(MA(C,2),2),2),2),2) +
MA(MA(MA(MA(MA(MA(C,2),2),2),2),2),2) +
MA(MA(MA(MA(MA(MA(MA(C,2),2),2),2),2),2),2)+
MA(MA(MA(MA(MA(MA(MA(MA(C,2),2),2),2),2),2),2),2)+
MA(MA(MA(MA(MA(MA(MA(MA(MA(C,2),2),2),2),2),2),2), 2),2)+
MA(MA(MA(MA(MA(MA(MA(MA(MA(MA(C,2),2),2),2),2),2), 2),2),2),2))
/10))/(HHV(C,10)-LLV(C,10));
------------------
I understand those variables:
MA = Moving Average
HHV = highest high value
LLV = lowest low value
But not sure for this one ant not at all for the next:
Close = Price at the end of the day? I presume? Im right?
C =? This C letter is my nightmare. I tried to find its meaning all over Internet in vain.
Can someone help me to understand this C value?
Thanks
Here one of the formulas of RMO I found:
SwingTrd1 = 100 * (Close - ((MA(C,2)+
MA(MA(C,2),2)+
MA(MA(MA(C,2),2),2) +
MA(MA(MA(MA(C,2),2),2),2) +
MA(MA(MA(MA(MA(C,2),2),2),2),2) +
MA(MA(MA(MA(MA(MA(C,2),2),2),2),2),2) +
MA(MA(MA(MA(MA(MA(MA(C,2),2),2),2),2),2),2)+
MA(MA(MA(MA(MA(MA(MA(MA(C,2),2),2),2),2),2),2),2)+
MA(MA(MA(MA(MA(MA(MA(MA(MA(C,2),2),2),2),2),2),2), 2),2)+
MA(MA(MA(MA(MA(MA(MA(MA(MA(MA(C,2),2),2),2),2),2), 2),2),2),2))
/10))/(HHV(C,10)-LLV(C,10));
------------------