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2011.08.08 19:14
Indicators

Chande Momentum Oscillator - indicator for MetaTrader 5

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Published by:
Nikolay Kositsin
Views:
5000
Rating:
votes: 12
\MQL5\Include\

Real author:

Tushar Chande

Desciption:

The 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 in his book "The New Technical Trader: Boost Your Profit by Plugging into the Latest Indicators". Тhe range of CMO is from -100 to 100. The values +50 and -50 are assumed as ovebought and oversold states of the market.

The indicator uses the SmoothAlgorithms.mqh smoothing algorithms library (SmoothAlgorithms.mqh must be placed to terminal_data_folder\MQL5\Include), described in the article "Averaging Price Series for Intermediate Calculations Without Using Additional Buffers".

Chande Momentum Oscillator (CMO)

Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/411

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