Great oscillator which determines trend and momentum. So accurate it could be used as a stand alone indicator.
study(title = "Romi Trend and Momentum Oscillator", shorttitle="ROMI") s2=ema(close, 8) - ema(open, 24) c_color=s2 <= 0 ? red : lime plot(s2, color=c_color, style=line, linewidth=2)