//------------------------------------------------------
//
//  Formula Name:    Price Momentum Oscillator
//  Author/Uploader: Trading Tuitions
//  E-mail:          support@tradingtuitions.com
//  Website:         www.tradingtuitions.com
//------------------------------------------------------

_SECTION_BEGIN("Price Momentum Oscillator");

SetChartOptions(0,chartShowArrows|chartShowDates);
_N(Title = StrFormat("{{NAME}} – {{INTERVAL}} {{DATE}} Open %g, Hi %g, Lo %g, Close %g (%.1f%%) {{VALUES}}", O, H, L, C, SelectedValue( ROC( C, 1 ) ) ));

Plot( Close, "Price", colorWhite, styleCandle );

// Define the period for the moving average calculation
period = 35;

// Calculate the percentage change in closing prices
pc = 100 * ROC(Close, 1);

// Calculate the PMO using a double exponential moving average
pmo = EMA(EMA(pc, 10), 35) - EMA(EMA(pc, 20), 35);

// Plot the PMO on the chart
Plot(pmo, "PMO", colorBlue, styleOwnScale);

_SECTION_END();