// This work is licensed under a Attribution-NonCommercial-ShareAlike 4.

0
International (CC BY-NC-SA 4.0) https://creativecommons.org/licenses/by-nc-sa/4.0/
// © LuxAlgo

//@version=4
study("Triangular Momentum Oscillator & Real Time Divergences","TMO [LuxAlgo]")
length = input(7)
src = input(close)
show_lines = input(true,"Show Lines")
colcor = input(false,"Color Based On Price/Oscillator Correlation")
//----
var css = array.new_color(na)
if barstate.isfirst
array.push(css,#FF1100), array.push(css,#FF1200), array.push(css,#FF1400),
array.push(css,#FF1500), array.push(css,#FF1700), array.push(css,#FF1800),
array.push(css,#FF1A00), array.push(css,#FF1B00), array.push(css,#FF1D00),
array.push(css,#FF1F00), array.push(css,#FF2000), array.push(css,#FF2200),
array.push(css,#FF2300), array.push(css,#FF2500), array.push(css,#FF2600),
array.push(css,#FF2800), array.push(css,#FF2900), array.push(css,#FF2B00),
array.push(css,#FF2D00), array.push(css,#FF2E00), array.push(css,#FF3000),
array.push(css,#FF3100), array.push(css,#FF3300), array.push(css,#FF3400),
array.push(css,#FF3600), array.push(css,#FF3700), array.push(css,#FF3900),
array.push(css,#FF3B00), array.push(css,#FF3C00), array.push(css,#FF3E00),
array.push(css,#FF3F00), array.push(css,#FF4100), array.push(css,#FF4200),
array.push(css,#FF4400), array.push(css,#FF4500), array.push(css,#FF4700),
array.push(css,#FF4900), array.push(css,#FF4A00), array.push(css,#FF4C00),
array.push(css,#FF4D00), array.push(css,#FF4F00), array.push(css,#FF5000),
array.push(css,#FF5200), array.push(css,#FF5300), array.push(css,#FF5500),
array.push(css,#FF5700), array.push(css,#FF5800), array.push(css,#FF5A00),
array.push(css,#FF5B00), array.push(css,#FF5D00), array.push(css,#FF5E00),
array.push(css,#FF6000), array.push(css,#FF6200), array.push(css,#FF6300),
array.push(css,#FF6500), array.push(css,#FF6600), array.push(css,#FF6800),
array.push(css,#FF6900), array.push(css,#FF6B00), array.push(css,#FF6C00),
array.push(css,#FF6E00), array.push(css,#FF7000), array.push(css,#FF7100),
array.push(css,#FF7300), array.push(css,#FF7400), array.push(css,#FF7600),
array.push(css,#FF7700), array.push(css,#FF7900), array.push(css,#FF7A00),
array.push(css,#FF7C00), array.push(css,#FF7E00), array.push(css,#FF7F00),
array.push(css,#FF8100), array.push(css,#FF8200), array.push(css,#FF8400),
array.push(css,#FF8500), array.push(css,#FF8700), array.push(css,#FF8800),
array.push(css,#FF8A00), array.push(css,#FF8C00), array.push(css,#FF8D00),
array.push(css,#FF8F00), array.push(css,#FF9000), array.push(css,#FF9200),
array.push(css,#FF9300), array.push(css,#FF9500), array.push(css,#FF9600),
array.push(css,#FF9800), array.push(css,#FF9A00), array.push(css,#FF9B00),
array.push(css,#FF9D00), array.push(css,#FF9E00), array.push(css,#FFA000),
array.push(css,#FFA100), array.push(css,#FFA300), array.push(css,#FFA400),
array.push(css,#FFA600), array.push(css,#FFA800), array.push(css,#FFA900),
array.push(css,#FFAB00), array.push(css,#FDAC00), array.push(css,#FBAD02),
array.push(css,#F9AE03), array.push(css,#F7AE04), array.push(css,#F5AF06),
array.push(css,#F3B007), array.push(css,#F1B108), array.push(css,#EFB20A),
array.push(css,#EDB30B), array.push(css,#EBB30C), array.push(css,#E9B40E),
array.push(css,#E7B50F), array.push(css,#E4B610), array.push(css,#E2B712),
array.push(css,#E0B813), array.push(css,#DEB814), array.push(css,#DCB916),
array.push(css,#DABA17), array.push(css,#D8BB18), array.push(css,#D6BC1A),
array.push(css,#D4BD1B), array.push(css,#D2BD1C), array.push(css,#D0BE1E),
array.push(css,#CEBF1F), array.push(css,#CCC020), array.push(css,#C9C122),
array.push(css,#C7C223), array.push(css,#C5C224), array.push(css,#C3C326),
array.push(css,#C1C427), array.push(css,#BFC528), array.push(css,#BDC62A),
array.push(css,#BBC72B), array.push(css,#B9C72C), array.push(css,#B7C82E),
array.push(css,#B5C92F), array.push(css,#B3CA30), array.push(css,#B0CB32),
array.push(css,#AECC33), array.push(css,#ACCC34), array.push(css,#AACD36),
array.push(css,#A8CE37), array.push(css,#A6CF38), array.push(css,#A4D03A),
array.push(css,#A2D13B), array.push(css,#A0D13C), array.push(css,#9ED23E),
array.push(css,#9CD33F), array.push(css,#9AD440), array.push(css,#98D542),
array.push(css,#95D643), array.push(css,#93D644), array.push(css,#91D746),
array.push(css,#8FD847), array.push(css,#8DD948), array.push(css,#8BDA4A),
array.push(css,#89DB4B), array.push(css,#87DB4C), array.push(css,#85DC4E),
array.push(css,#83DD4F), array.push(css,#81DE50), array.push(css,#7FDF52),
array.push(css,#7CE053), array.push(css,#7AE054), array.push(css,#78E156),
array.push(css,#76E257), array.push(css,#74E358), array.push(css,#72E45A),
array.push(css,#70E55B), array.push(css,#6EE55C), array.push(css,#6CE65E),
array.push(css,#6AE75F), array.push(css,#68E860), array.push(css,#66E962),
array.push(css,#64EA63), array.push(css,#61EA64), array.push(css,#5FEB66),
array.push(css,#5DEC67), array.push(css,#5BED68), array.push(css,#59EE6A),
array.push(css,#57EF6B), array.push(css,#55EF6C), array.push(css,#53F06E),
array.push(css,#51F16F), array.push(css,#4FF270), array.push(css,#4DF372),
array.push(css,#4BF473), array.push(css,#48F474), array.push(css,#46F576),
array.push(css,#44F677), array.push(css,#42F778), array.push(css,#40F87A),
array.push(css,#3EF97B), array.push(css,#3CF97C), array.push(css,#3AFA7E),
array.push(css,#38FB7F), array.push(css,#36FC80), array.push(css,#34FD82),
array.push(css,#32FE83), array.push(css,#30FF85),
//----
up = highest(src,length)
dn = lowest(src,length)
osc = mom(sma(sma(src,length),length),length)
phosc = crossunder(change(osc),0)
plosc = crossover(change(osc),0)
bear = osc > 0 and phosc and valuewhen(phosc,osc,0) < valuewhen(phosc,osc,1)
and valuewhen(phosc,up,0) > valuewhen(phosc,up,1) ? 1 : 0
bull = osc < 0 and plosc and valuewhen(plosc,osc,0) > valuewhen(plosc,osc,1)
and valuewhen(plosc,dn,0) < valuewhen(plosc,dn,1) ? 1 : 0
//----
simple_css = osc > osc[1] and osc > 0 ? #00c42b : osc < osc[1] and osc > 0 ?
#4ee567 :
osc < osc[1] and osc < 0 ? #ff441f : osc > osc[1] and osc < 0 ? #c03920 : na
cor_css = array.get(css,round((.5*correlation(osc,close,length)+.5)*199))
plot(osc,"Osc",colcor ? cor_css : simple_css,3,plot.style_histogram)
plotshape(iff(bull,osc,na),"Bullish
Circle",shape.circle,location.absolute,#00c42b,0,size=size.tiny)
plotshape(iff(bear,osc,na),"Bearish
Circle",shape.circle,location.absolute,#ff441f,0,size=size.tiny)
plotshape(iff(bull,osc,na),"Bullish
Label",shape.labelup,location.absolute,#00c42b,0,text="Buy",textcolor=color.white,s
ize=size.tiny)
plotshape(iff(bear,osc,na),"Bearish
Label",shape.labeldown,location.absolute,#ff441f,0,text="Sell",textcolor=color.whit
e,size=size.tiny)
//----
n = bar_index
bull_x1 = valuewhen(plosc,n,1),bull_y1 = valuewhen(plosc,osc,1)
bear_x1 = valuewhen(phosc,n,1),bear_y1 = valuewhen(phosc,osc,1)
var line bull_line = na,var line bear_line = na
if show_lines
if bull
bull_line := line.new(bull_x1,bull_y1,n,osc,color=#00c42b)
else if bear
bear_line := line.new(bear_x1,bear_y1,n,osc,color=#ff441f)