CMO (Chande Momentum Oscillator)

Indicator Description

CMO (Chande Momentum Oscillator) is a momentum indicator that measures price momentum by calculating the difference between price gains and losses, similar to RSI but using a different calculation method.

Function Information

• Function Name: CMO
• Input Parameters:
  • Open: Opening price
• Parameter Settings: None
• Output: CMO value

Calculation Principle

CMO is calculated using the following formula:

CMO = 100 * (Su - Sd) / (Su + Sd)

Where:

• Su is the sum of price gains
• Sd is the sum of price losses

Usage Scenarios

1. Momentum Analysis
2. Overbought/Oversold Analysis
3. Trading Signal Generation
4. Market State Analysis

Usage Recommendations

1. CMO > 50 indicates strong momentum
2. CMO < -50 indicates weak momentum
3. Watch for zero-line crossovers
4. Pay attention to market environment changes