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    Chande Momentum Oscillator (CMO)
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      Chande Momentum Oscillator (CMO)

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        Article summary

        Chande Momentum Oscillator (CMO) is a study used to help monitor the speed at which the price changes. CMO first calculates the difference between the sum of gains and the sum of losses. Then, the study divides that difference by the sum of all price movements over the given period. The oscillator's values are presented on the -100 to +100 scale with the zero line and oversold/overbought levels equal to -50 and +50 respectively.

        CMO = [(Su - Sd) / (Su - Sd)] x -100

        where:
        Su – the sum of higher closes (up periods)
        Sd – the sum of lower closes (down periods)

        Chande Momentum Oscillator Chande Momentum Oscillator

        INPUTS

        InputDescription
        LengthThe number of periods the indicator uses to calculate the CMO plot

        PLOTS

        The plot renders the data you are working with on the chart. You can show/hide a plot by clicking the corresponding item in the settings. Every plot has a set of basic settings that you can change: color, weight, and type.

        Plot
        		Description
        CMOThe Chande Momentum Oscillator plot
        UpperLevelThe overbought level
        LowerLevelThe oversold level
        ZeroThe zero level
        Color

        Click the color rectangle under the plot's name to open the palette. Use the slider at the bottom to set the opacity of the color.

        Palette

        To create a custom color:

        1. Clickto open the color picker
        2. By using the slider at the bottom, adjust the main color
        3. Then, set a shade for the main color on the palette

        The custom-created colors are added to your palette. To remove a custom color, drag it out of the palette.

        Weight
        Change the value (in px) to adjust the thickness of the plot.
        Type
        The following plot types are available:
        • Linear. The plot is displayed as a line.
        • Column. The plot is displayed as a histogram.
        • Difference. The plot is displayed as a line which represents the difference between High and Low prices of the bar.
        • Points. The plot is displayed as points.
        • Text above candle. The plot is displayed as the price labels above candles on the chart.
        • Text below candle. The plot is displayed as the price labels below candles on the chart.
        • Triangle above candle. The plot is displayed as triangles above candles on the chart.
        • Color candle. The candles on candle-type charts are highlighted with specified colors.

        OVERLAYING

        Check Overlaying to display the indicator on the chart. Otherwise, the indicator is shown in a study pane down below.

        Note: To reset the settings, click Restore to Default next to the SETTINGS: INDICATOR'S TITLE
        What's Next