Download MetaTrader 5

Watch how to download trading robots for free

Interesting script?
So post a link to it -
let others appraise it

You liked the script? Try it in the MetaTrader 5 terminal

2012.02.07 16:33

CMO - indicator for MetaTrader 5

| English Русский 中文 Español Deutsch 日本語 Português

Published by:
Nikolay Kositsin
votes: 18
cmo.mq5 (7.38 KB)view

Real author:


In this version of Chande Momentum Oscillator the smoothed price is used for the calculations. It is allowed to improve the filter of trend direction.

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.

This indicator was first implemented in MQL4 and published in CodeBase at 20.02.2008.

Chande Momentum Oscillator (CMO) indicator

Chande Momentum Oscillator (CMO) indicator

Translated from Russian by MetaQuotes Software Corp.
Original code:

Ultra Spearman Rank Correlation Ultra Spearman Rank Correlation

This trend indicator is based on SpearmanRankCorrelation indicator values and analysis of its signal lines.

ColorStdDev ColorStdDev

Most visually convenient trend power indicator based on Standard Deviation.

OpenCL Test OpenCL Test

A small example of the Mandelbrot fractal calculation in OpenCL. The OpenCL accelerates calculations of fractal approximately up to 100 times in comparison with the CPU calculations.


The oscillator consisting of Momentums series.