Chande's Momentum Oscillator

["Jeff Rawson" <darogue@xxxxxxxxxxx>]

Hi,

I interested in Chande’s Momentum Oscillator and find it very useful.  I 
would like to plot what the price would be for the next bar when the 
oscillator equals zero.  Can someone help me and show me what the formula 
would be for this plot.  I have pasted in the formula of Chande’s Momentum 
Oscillator that is on Equis web site.

Thanks for your help.  Jeff

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" ) ) )


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.





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