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Chande Momentum Oscillator

Source: R/CMO.R
CMO.Rd

The Chande Momentum Oscillator (CMO) is a modified RSI. Developed by Tushar S. Chande.

Usage

CMO(x, n = 14)

Arguments

x

Price, volume, etc. series that is coercible to xts or matrix.

n

Number of periods to use.

Value

A object of the same class as x or a vector (if try.xts fails) containing Chande Momentum Oscillator values.

Details

The CMO divides the total movement by the net movement ([up - down] / [up + down]), where RSI divides the upward movement by the net movement (up / [up + down]).

Note

There are several ways to interpret the CMO:

  1. Values over/under +/- 50 indicate overbought/oversold conditions.

  2. High CMO values indicate strong trends.

  3. When the CMO crosses above/below a moving average of the CMO, it is a buy/sell signal.

References

The following site(s) were used to code/document this indicator:
https://www.fmlabs.com/reference/CMO.htm

See also

See RSI.

Author

Joshua Ulrich

Examples


 data(ttrc)
 cmo <- CMO(ttrc[,"Close"])