Extra indicators
CMO: Chande Momentum Oscillator
Momentum between −100 and +100 from the sum of up moves and down moves over N candles.
La idea en pocas palabras
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.
Cómo se calcula
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)Cómo usarlo
- Above +50 overbought, below −50 oversold (classic levels).
- Zero line crosses as trend changes.
Sacar conclusiones
- Values near ±100 mean the moves were almost all in one direction.
Ejemplo
GBPUSD H4, CMO(9) = −62: losses dominated the last 9 candles; traders watch for it to rise back above −50.
Los precios de los ejemplos son ilustrativos.
Ten cuidado con
- Strong trends can stay overbought or oversold for a long time.
Un poco de historia
Introduced by Tushar Chande in "The New Technical Trader" (1994).
Solo contenido educativo. Ningún indicador ni patrón predice el futuro, y nada de lo aquí expuesto es asesoramiento de inversión.