The absolute value of "CMO" alone makes it impossible to know the current location for the waves and there is a possibility of making useless entries.
In order to prevent this, display EMA.
Open-source script
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules.
You can favorite it to use it on a chart.
Disclaimer
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