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Hi Simon!
The CMO is a close relative to the RSI. You can rewrite RSI=100 Su/(Su+Sd),
where Su is the average of upmoves
and Sd is an average of downmoves. The CMO=100 (Su-Sd)/(Su+Sd). The RSI is
on a 0-100 scale whereas the
CMO is on a -100 to +100 scale. The behaviour of the CMO is more symmetric
than the RSI but general
interpretation fairly much the same apart from the scaling. Actually the
calculation of the CMO
employs a different moving average type calculation than the RSI calculation
(at least as implemented in MetaStock).
Best regards,
Yngvi
hardy@xxxxxxxxxxxxx
-----Original Message-----
From: owner-metastock@xxxxxxxxxxxxx [mailto:owner-metastock@xxxxxxxxxxxxx]On
Behalf Of Simon Roberts
Sent: Friday, June 01, 2001 08:05
To: metastock@xxxxxxxxxxxxx
Subject: CMO or Chande Momentum Oscilllator
Could anyone give me the construction of this oscillator, and perhaps a bit
of the thinking behind it? ( I know that MStock has a built in CMO).
thanks, Simon
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