动能摆荡指标(TMO)

动能摆动指标是Colin Twiggs对变化率指标进一步平滑的基础上得出的。TMO的最初目的是利用股票筛选器来寻找出处于单边趋势的股票。然而，类似于别的动能指标，它也可以被成功的用于产生买卖信号。

TMO的交易信号
识别快速运行的单边趋势
当21日TMO有如下表现时，可以说明趋势快速运行：• 上升到20%之上，表明趋势上升。或者
• 下降到-20%之下，说明趋势下降。
指标周期最低可以是5日，用于识别短期趋势；最长可以是12个月，来识别极端的长期趋势。TMO波动的损益百分比可以根据交易的周期相应的设置。下面是用 TMO来粗略判断市场单边快速运行的方法:
• TMO 周期低于10日: 使用 10%
• 10 ~ 19 日: 使用15%
• 20 ~ 24 日: 20%
• 25 ~ 30日: 25%
• 30 ~ 34日: 30%
• 35 ~ 39日: 35%
• 40 ~ 44日: 40%
• ..............
• 大于等于100 日: 100%

示例1
苹果公司股票走势图以及TMO（21日）、63日EMA作为趋势过滤器。

 
1. 当21日TMO上升到20%，并且价格位于63日EMA上方时，做多。
2. 当21日TMO下降到10%并回调之后，且价格位于63日EMA上方时，增加多单仓位。如果TMO下降到5%之后回调，虽然此时价格接近63日EMA，但也是增加持仓信号。

示例 2
苹果公司股票走势接下来用TMO（12月）来识别长期走势。

 
1. 2004年9月，12月TMO上升到100%表明一个强劲的上升趋势。
买/卖信号
短期的TMO指标类似于其他的动能指标，也可以用来产生买和卖的交易信号。首先，利用趋势指标来识别趋势方向。上升趋势中，TMO倾向于位于0轴上方，下降趋势则相反。跟随趋势方向交易。
• 在上升趋势中，如果TMO指标位于0轴下方且呈上升趋势时做多。
• 下降趋势中，TMO指标从0轴上方向下运动时做空。
利用追踪止损买入/卖出来确认进出场时机。TMO出现背离或价格趋势变化时平仓获利。利用趋势指标确认平仓位置。也可以在TMO指标线上画出类似于价格窗口的趋势线。TMO指标的趋势线突破会先于价格窗口的趋势突破。

示例 3
RSG股价走势图，以及 5日TMO、63日EMA作为趋势过滤器。

 
1. 5日TMO上升到10%上方说明股价处于快速上涨时期。
2. 当TMO从零轴下方上升到5%且价格位于63日EMA上方时做多。
TMO指标设置
TMO指标的默认周期是21日。
TMO指标计算公式
TMO指标是基于价格变化率指标。计算方法属于个人所有，目前还没有披露。

Twiggs Momentum Oscillator
Twiggs Momentum Oscillator is a new momentum oscillator developed by Colin Twiggs for Incredible Charts. A smoothed version of the Rate Of Change oscillator, its primary purpose is to identify fast trending stocks using the stock screener. It can, however, be successfully used to generate buy and sell signals in a similar fashion to other momentum oscillators.
Twiggs Momentum Oscillator Signals
Identifying Fast Trends
Fast-trends are indicated when Twiggs Momentum Oscillator (21-day):
• Rises above 20%, indicating an up-trend; or
• Falls below -20%, indicating a down-trend.
The indicator period can be adjusted to as low as 5 days, to identify short-term trends, or as high as 12 months, to identify extremely long-term trends (the super-cycle). The percentage gain or loss would have to be adjusted accordingly: to 10% or 100% respectively.
Here is a rough guide to identifying fast-trending stocks with TMO:
• TMO time period below 10 days: use 10%
• 10 to 19 days: use 15%
• 20 to 24 days: 20%
• 25 to 30 days: 25%
• 30 to 34 days: 30%
• 35 to 39 days: 35%
• 40 to 44 days: 40%
• ..............
• 100 days and over: 100%
EXAMPLE
Apple Inc. [AAPL] is displayed with Twiggs Momentum Oscillator (21 days) and 63-day exponential moving average used as a trend filter.
1. Go long when Twiggs Momentum Oscillator (21 days) rises above 20%, while price is above the 63-day exponential moving average
2. Increase long position when Twiggs Momentum Oscillator (21 days) reverses above 10% while price is above the 63-day exponential moving average. Signals can also be taken when Twiggs Momentum Oscillator reverses up by 5% when close to the moving average.
 
EXAMPLE 2
Apple Inc. [AAPL] is this time displayed with Twiggs Momentum Oscillator (12-months) to identify long-term trends.
1. Twiggs Momentum Oscillator (12-months) rising above 100% indicates a strong up-trend in September 2004.
Buy and Sell Signals
The shorter-term oscillator can also be used to generate buy and sell signals in a similar fashion to other momentum oscillators.
First, identify the trend direction using a trend indicator. Twiggs Momentum Oscillator tends to stay above zero during an up-trend and below zero during a down-trend. Only take signals in the direction of the trend.
• In an up-trend, go long if Twiggs Momentum Oscillator turns upwards when below zero.
• In a down-trend, go short if Twiggs Momentum Oscillator turns downward when above zero.
Use trailing buy and sell stops to time your entry and exit. Take profits on divergences and trend line breaks. Exit using a trend indicator.
Trend lines can also be drawn on Twiggs Momentum Oscillator. A break in the trend line often occurs in advance of a similar break on the price chart.
EXAMPLE 3
Gold miner Resolute Mining Ltd [RSG] is displayed with Twiggs Momentum Oscillator (5-day) and 63-day exponential moving average as a trend filter.
1. Twiggs Momentum Oscillator (5-day) rising above 10% helps to identify a fast-trending stock.
2. Go long when Twiggs Momentum Oscillator (5-day) turns up by 5% while below zero and price respects the 63-day moving average.
Twiggs Momentum Oscillator Setup
The default period is set at 21 days ATR.
See Indicator Panel for directions on how to set up an indicator — and Edit Indicator Settings to change the settings.
Twiggs Momentum Oscillator Formula
Twiggs Momentum Oscillator is based on the Rate Of Change oscillator. The formula is proprietary and is not disclosed.

文章翻译由兄弟财经提供

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