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Re: Chande Momentum Oscillator



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 I had something i got from who knows where named CMO... text as follows..



Input: LENGTH(9),topband(70),lowband(-70);
Plot1(CMO(LENGTH),"Plot1");
Plot2(0,"Plot2");
Plot3(topband,"Plot3");
Plot4(lowband,"Plot4");
IF CheckAlert Then Begin
  IF Plot1 Crosses Above Plot2 or Plot1 Crosses Below Plot2
  or Plot1 Crosses Above Plot3 or Plot1 Crosses Below Plot3
  or Plot1 Crosses Above Plot4 or Plot1 Crosses Below Plot4
  or Plot2 Crosses Above Plot3 or Plot2 Crosses Below Plot3
  or Plot2 Crosses Above Plot4 or Plot2 Crosses Below Plot4
  or Plot3 Crosses Above Plot4 or Plot3 Crosses Below Plot4
  Then Alert = TRUE;
End;

----- Original Message -----
From: "Bryan Mulholland" <speculator@xxxxxxxxxxxxx>
To: <omega-list@xxxxxxxxxx>
Sent: Tuesday, March 27, 2001 4:20 AM
Subject: Chande Momentum Oscillator


> Hello Fellow Traders,
> Has anyone ever seen the EasyLanguage code for the Chande Momentum
> Oscillator? Does anyone have any opinions on this indicator when applying
it
> to a system? For those who are curious about what I am talking about,,,,
>
> The Chande Momentum Oscillator was developed by Tushar Chande, and
attempts
> to capture the pure momentum of price movements. The Chande Momentum
> Oscillator is a momentum oscillator, similar to RSI or Stochastics.  It is
> calculated by dividing the sum of up day and down day activity into the
> difference of up day and down day activity.  The result is multiplied by
> 100. CMO reaches extreme levels at 50 for overbought and -50 for oversold.
>
>
>
> Have a great trading day,
>
> Bryan
>
>
>
>