Calculates a Volatility-Adjusted Momentum Oscillator (VAMO) by dividing the price Rate of Change by the Average True Range, smoothed by an EMA signal line.
1Copy the scriptPress Copy script above. It reads the file straight from GitHub.
2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
3Paste over the templateCreate a new strategy, select all of the template text and paste. Press Save and give it a name.
4Add it to the chartPress Add to chart. The trades and results appear in the Strategy Tester tab; adjust the settings with the gear icon.
Source Code
The code stays on GitHub. The author has not published this script under an open licence, so ForexR does not show its code. Copy script reads the file straight from GitHub into your clipboard, so you can still try it on your own chart. Ask the author before reusing the code anywhere else.
Overview
Long positions enter when VAMO crosses above its signal line above zero, and short positions enter on bearish crosses below zero, provided the ATR volatility regime remains below a configurable percentile filter. Exits execute via ATR-based stop-loss and take-profit limit orders. Although designed as an oscillator, it renders directly onto the main price chart alongside an audit metrics table.
The inputs you can change from the gear icon on the chart. Defaults are the author's.
Setting
Type
Default
Variable
VAMO Length
int
14
vamoLen
Signal EMA Length
int
9
signalLen
ATR Multiplier
float
1.5
atrMult
TP Multiplier
float
2.0
tpMult
Volatility Regime Lookback
int
50
regimeLen
Stop Volatility Percentile
float
0.8
stopVolPct
Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.
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