Rahul Mohindar oscillator

The Rahul Mohindar oscillator (RMO) is a type of technical analysis "developed" by Rahul Mohindar of Viratech India. It detects trends in financial markets, and is designed to work on open-high-low-close charts for a wide variety of securities including stocks, commodities and FX.

This analysis is most notably included in version 10 of the MetaStock technical analysis program.

As a matter of fact, RMO is a copy of Mel Widner's rainbow oscillator (see: Stock & Commodities Magazine, August 1997).

And this is how the rainbow oscillator signals (RMO) look like in profitability terms.