I would like to request a small but useful feature enhancement for the Chande Momentum Oscillator (CMO) indicator. Currently, the CMO does not include default horizontal lines like the RSI indicator, which commonly uses levels such as 30 and 70 to identify overbought and oversold conditions.
Please add the option to display customizable horizontal reference lines on the CMO indicator, similar to how the RSI indicator includes the 30 and 70 levels by default.
Suggested Implementation:
Two horizontal lines at +50 and -50 by default (commonly used thresholds for CMO).
Users can customize these levels (e.g., +40, -40 or +60, -60).
Ability to change line style and color for better visibility.
Why this is useful:
- Helps traders quickly identify overbought/oversold zones visually.
- Makes the CMO more user-friendly and consistent with RSI-style analysis.
- Improves decision-making for momentum-based strategies.
This enhancement would greatly improve the usability of the CMO indicator for technical analysis.
Thank you for considering this request. I look forward to seeing this feature in a future update
