|
Chande's Momentum Oscillator
MetaStock Indicator
The following are MetaStock formulas for Tuschar Chande's
Momentum Oscillator. For interpretation refer to the book The New
Technical Trader, by Tuschar Chande and Stanley Kroll.
|
CMO_1
Sum( If( C ,> ,Ref( C, -1 ) , ( C - Ref( C ,-1 ) ) ,0 ) ,14
)
CMO_2
Sum( If( C ,< ,Ref( C ,-1 ) , ( Ref( C ,-1 ) - C ) ) ,0 )
,14 )
CMO_Final
100 * ( ( Fml( "CMO_1" ) - Fml( "CMO_2" ) ) / ( Fml( "CMO_1"
) + Fml( "CMO_2" ) ) ) |
|
You could also combine the above three formulas into one
formula. The syntax would be:
|
| 100*((Sum(If(C,>,Ref(C,-1),(C-Ref(C,-1)),0),14))-(Sum(If(C,<,REF(C,-1),(REF(C,-1)-C),0),14)))
/((Sum(If(C,>,Ref(C,-1),(C-Ref(C,-1)),0),14)+(Sum(If(C,<,REF(C,-1),(REF(C,-1)-C),0),14)))) |
|
*** These formulas were
constructed using 14 time periods, you can change this by
replacing every occurrence of 14 with your desired time period
value.
|
