Extra indicators
CMO: Chande Momentum Oscillator
Momentum between −100 and +100 from the sum of up moves and down moves over N candles.
L’idée en termes simples
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.
Mode de calcul
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)Comment l’utiliser
- Above +50 overbought, below −50 oversold (classic levels).
- Zero line crosses as trend changes.
Tirer des conclusions
- Values near ±100 mean the moves were almost all in one direction.
Exemple
GBPUSD H4, CMO(9) = −62: losses dominated the last 9 candles; traders watch for it to rise back above −50.
Les prix des exemples sont donnés à titre d’illustration.
Points de vigilance
- Strong trends can stay overbought or oversold for a long time.
Un peu d’histoire
Introduced by Tushar Chande in "The New Technical Trader" (1994).
Contenu éducatif uniquement. Aucun indicateur ni aucune figure ne prédit l’avenir, et rien ici ne constitue un conseil en investissement.