Chande Momentum Oscillator and Trading Trading with the chande momentum oscillator is a challenging task. Since the indicator will oscillate between +100 and -100, a break of +50 could mean that it is overbought, but remember the indicator has another 50 points it can run. Many traders apply a moving average to the indicator and will use crosses of the CMO and a simple … [Read more...]
Chande Momentum Oscillator : The Concept
Chande momentum oscillator is a technical momentum indicator. It is created by calculating the difference between the sum of all recent gains and the sum of all recent losses and then dividing the result by the sum of all price movement over the period. This oscillator is also similar to other momentum indicators such as the Relative Strength Index and the Stochastic Oscillator … [Read more...]