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.
||The number of bars used to calculate the price moves.|
||The Chande Momentum Oscillator.|
||The overbought level.|
||The oversold level.|
*For illustrative purposes only. Not a recommendation of a specific security or investment strategy.