ChandeMomentumOscillator (@ES#)
ChandeMomentumOscillator. This chart was uploaded by Investor/RT 14.1.6 showing symbol: @ES#.
ChandeMomentumOscillator. This chart was uploaded by Investor/RT 14.1.6 showing symbol: @ES#.
The Chande Momentum Oscillator (CMO) is a technical momentum indicator developed by Tushar Chande. The CMO indicator is created by calculating the difference between the sum of all recent higher closing bar changes and the sum of all recent lower closing bar changes. This result is then divided by the sum of all price changes over the specified number of bars. Finally, the result is multiplied by 100 to give the CMO a range -100 to +100. Typically, an instrument is considered to be overbought when the raw value of the oscillator is above 50 and oversold when it is below -50.
The Chande Momentum Oscillator (CMO) is a technical momentum indicator developed by Tushar Chande. The CMO indicator is created by calculating the difference between the sum of all recent higher closing bar changes and the sum of all recent lower closing bar changes. This result is then divided by the sum of all price changes over the specified number of bars. Finally, the result is multiplied by 100 to give the CMO a range -100 to +100. Typically, an instrument is considered to be overbought when the raw value of the oscillator is above 50 and oversold when it is below -50.