Chande Momentum Oscillator

Modified on Fri, 04 Aug 2023 at 01:14 PM

Chande Momentum Oscillator (CMO) - momentum indicator modification

The principle of the indicator - for a given number of periods n is considered price movement. For the two adjacent candles, the difference between the current and previous closing prices is taken. If the difference is positive, it is flattened to the final positive changeif the difference is negative, it is flattened to the final negative change. The value of the indicator itself is calculated as a 100% multiplied fraction, in which the difference of the final positive and final negative changes, and in the denominator - their amount.

View of the indicator on the chart:

To add and customize this indicator, you need to open the Indicator Settings Window.


Period - set period of indicator


Source - settings of calculation parameters of the indicator::

  • Open
  • High
  • Low
  • Close
  • Volume


Panel - select the location of the indicator on the chart:

  • New panel
  • Chart

Show value - display the value of the indicator on price scale.

Show zero values- display zero values.

Scale - if this option is enabled, the scale will automatically be calculated based on the minimum and maximum values of the indicator, in order for the indicator to be placed on the graph.


Visual type - visual adjustment of the indicator on the graph:

  • Line
  • Histogram
  • Hash
  • Block
  • Cross
  • Square
  • Dots
  • Up arrow
  • Down arrow
  • Axis label
  • Hide

Line style - customize the appearance of the line:

  • Dot
  • Solid
  • Dash
  • Dash - dot
  • Dash - dot - dot

Width - adjust the thickness of the indicator line.

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