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MetaStock
Formula - Chande's
Momentum Oscillator
rev. 01/06/97
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" ) ) )
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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. |
