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First I tried to make something more advanced on basis of Chande & Kroll's Stop but then I've decided to keep original algorithm.
Also I think ChandelierStops_v1 is very similar and looks better than Chande & Kroll's Stop.
iGorad, my sincerest thanks for this indicator. I will let you know how it performs and let you in on the way i use it. Just allow me a week or 2 to live trade it.
Best wishes.
__________________ "Risk comes from not knowing what you are doing" The Tao of Warren Buffett.
"Avoiding mistakes, makes people STUPID and having to be RIGHT, makes you OBSOLETE." Robert Kiyosaki.
Attached you will find the Chande Momentum Oscillator passed through the Inverse Fisher Transform. The idea is to create a square wave from a wave. I also have the CMO vanilla indicator attached as a reference. I don't remember where I got the CMO from but all the acknowledgments are intact.
CMO with MA
Need help to change this indicator from histogram to line
Linear Mode
