Extra indicators
CMO: Chande Momentum Oscillator
Momentum between −100 and +100 from the sum of up moves and down moves over N candles.
Die Idee in einfachen Worten
Like RSI, CMO compares how much the price rose with how much it fell, but it uses the raw sums and measures momentum on both sides of zero.
So wird gerechnet
Add up the gains (SU) and the losses (SD) of the last N candles. CMO = 100 × (SU − SD) ÷ (SU + SD).
CMO = 100 × (ΣUp − ΣDown) ÷ (ΣUp + ΣDown)Anwendung
- Above +50 overbought, below −50 oversold (classic levels).
- Zero line crosses as trend changes.
Schlüsse ziehen
- Values near ±100 mean the moves were almost all in one direction.
Beispiel
GBPUSD H4, CMO(9) = −62: losses dominated the last 9 candles; traders watch for it to rise back above −50.
Kurse in Beispielen dienen der Veranschaulichung.
Worauf man achten sollte
- Strong trends can stay overbought or oversold for a long time.
Ein wenig Geschichte
Introduced by Tushar Chande in "The New Technical Trader" (1994).
Nur Bildungsinhalte. Kein Indikator und kein Muster sagt die Zukunft voraus, und nichts hier ist eine Anlageberatung.