What Is The Chande Momentum Oscillator & How To Trade With It

Chande Momentum Oscillator

The Chande Momentum Oscillator is a type of technical indicator that measures the momentum of the price. It was developed by Tushar Chande, and was introduced in his book, “The New Technical Trader.” What is the Chande Momentum Oscillator? Like any other momentum oscillator, the CMO gauges the direction of the price. It oscillates between the levels of -100 and +100. The formula for calculating the Chande Momentum Oscillator is: CMO = sH – sL / sH + sL * 100 Where; sH is the sum of higher closes over N-periods, and sL is the sum of higher losses over …READ MORE