Indicator: Inuvest Momentum Oscillator (I_MOS)

I_MOS: Inuvest Momentum Oscillator

I_MOS is another cyclical indicator (apart from I_MOM) which enables detection in reversal of momentum from one direction to another.
I_MOS computes a momentum ratio of 12-period (for 15 minute candles) and normalises it over 264-period (for 15 minute candles) to derive a momentum score.

SIGNAL Generation
BUY signal is generated when the indicator turns positive and a SELL signal is generated when it becomes negative.

Where to use this indicator?
This indicator can be used for Option buying strategies over a 15 minute candle.