Momentum

Chande Momentum Oscillator

CMO

Calculates the ratio of the sum of up-day moves to the sum of all moves over N periods, scaled to −100–+100. Unlike RSI, it uses both gains and losses in the denominator, making it more sensitive to momentum shifts.

Tips

CMO above +50 or below −50 marks strong trending conditions; values near zero indicate choppy, indecisive markets

Divergence between CMO and price is a cleaner signal than RSI divergence because the symmetric formula amplifies momentum extremes

Parameters

Period

2 - 100