Tag Archives: amibroker rmo code
The RMO Trading System contains four modules which can be defined under:
The RMO Ribbon
This module detects the main trend and used to be developed to smoothen out a couple of market swings.
If the RMO Ribbon is green one concludes that the long run / main trend is UP. On this case, we ideally search for blue Buy arrows with Blue bars to place on lengthy trades.
If the RMO Ribbon is red the symptoms are that the long run / main trend is DOWN. On this scenario, we search for Crimson Sell arrows