Studies · Momentum
Chande Momentum Oscillator (CMO)
chandeMomentum · Chande's momentum oscillator — unsmoothed up/down sums
Drawn in its own panelReads one column (close here)Guide lines at -50, 50
Hover the chart to read values · practice data: a seeded random walk with no overnight gaps
What it measures
The sum of up moves minus the sum of down moves, divided by their total, over the window, on a −100 to +100 scale. Unlike RSI it uses plain sums with no smoothing, so it reacts faster and swings further.
How traders use it
- Overbought above +50, oversold below −50.
- Its distance from zero is a measure of trend strength.
- Crossovers of a moving average of CMO as signals.
Parameters
| Name | Value | Default | Allowed | What it does |
|---|---|---|---|---|
| period | 14 | ≥ 1 usual 5–30 | Window length, in bars. |