The Chande Momentum Oscillator (CMO) was developed by Tushar Chande and is a technical indicator that attempts to capture the Momentum. Chande discussed this and many other indicators in his book “The New Technical Trader: Boost Your Profit by Plugging into the Latest Indicators”. Π’he range of CMO is from -100 to 100. The values +50 and -50 are assumed as ovebought and oversold states of the market.
The indicator uses the SmoothAlgorithms.mqh smoothing algorithms library (SmoothAlgorithms.mqh must be placed to terminal_data_folder\MQL5\Include), described in the article “Averaging Price Series for Intermediate Calculations Without Using Additional Buffers”.
DSL Chande momentum oscillator - smoothed -… Basics: The Chande Momentum Oscillator is a technical momentum indicator invented by Tushar Chande. Chande introduced the indicator in his…
Tushar Chande's DMI - indicator MetaTrader 5 Definition of 'Dynamic Momentum Index' An indicator used in technical analysis that determines overbought and oversold conditions of a particular…
