CMO – indicator MetaTrader 5

Chande Momentum Oscillator (CMO) indicator
Real author: igorad2004 In this version of Chande Momentum Oscillator the smoothed price is used for the calculations. It is allowed to improve the filter of trend direction. Chande Momentum Oscillator (CMO) was developed by Tushar Chande and is a technical indicator that attempts to capture the Momentum. Chande discussed this and many other indicators

Dsl – CMO – indicator MetaTrader 5

Dsl - CMO - indicator for MetaTrader 5
The Chande Momentum Oscillator is a technical momentum indicator invented by Tushar Chande. Chande introduced the indicator in his 1994 book “The New Technical Trader”. It is created by calculating the difference between the sum of all recent gains and the sum of all recent losses and then dividing the result by the sum of