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.