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.


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


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

  Past performance is no guarantee of future performance.

You may also like
The Momentum Percent Diff is a momentum-based technical indicator. Unlike the regular Momentum ...
MOBO (Momentum Breakout Bands) study suggests that all markets and stock prices have a period ...
The MomentumLE strategy generates a Long Entry signal when Momentum is rising. This strategy ...