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Function for CMO indicator as follows:
Input: LENGTH(Numeric);
CMO =100*((C-C[LENGTH])/ (Summation(AbsValue((C-C[1])),LENGTH)))
----- 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
>
>
>
>
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