CMO

0th

Percentile

Chande Momentum Oscillator

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

Keywords
ts
Usage
CMO(x, n = 14)
Arguments
x

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

n

Number of periods to use.

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]).

Value

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

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: http://www.fmlabs.com/reference/CMO.htm

See Also

See RSI.

Aliases
  • CMO
Examples
library(TTR) # NOT RUN { data(ttrc) cmo <- CMO(ttrc[,"Close"]) # }
Documentation reproduced from package TTR, version 0.23-1, License: GPL-2

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