ChandeMomentumOscillator

Description

The Chande Momentum Oscillator is a study concerning the price change rate. The oscillator first calculates the difference between the total of price increments over a specified period and the total of price decrements over the same period. Then this difference is divided by the sum of the totals.

The values are represented on the -100 to 100 scale with Overbought and Oversold levels being equal to +50 and -50 respectively.

Input Parameters

Parameter Description
length The number of bars used to calculate the price moves.

Plots

Plot Description
CMO The Chande Momentum Oscillator.
ZeroLine Zero level.
UpperLevel The overbought level.
LowerLevel The oversold level.

Example*

*For illustrative purposes only. Not a recommendation of a specific security or investment strategy.

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