Chande momentum oscillator is
The following are formulas for MetaStock Tuschar Chande's Momentum Oscillator. For interpretation refer to the book The New Technical Trader by Tuschar Chande and Stanley Kroll.
CMO_1
Sum (If (C> Ref (C, -1), (C - Ref (C, -1)), 0), 14)
CMO_2
Sum (If (C, <, Ref (C, -1), (Ref (C, -1) - C)), 0), 14)
CMO_Final
100 * ((Fml ("CMO_1") - Fml ("CMO_2")) / (Fml ("CMO_1") + Fml ("CMO_2")))
You can also combine the above three formulas into one formula. The syntax is:
100 * ((Sum (If (C> Ref (C, -1), (V-Ref (C, -1)), 0), 14)) - (Sum (If (C, <, REF ( C, -1), (REF (C, -1)-C), 0), 14))) / ((Sum (If (C> Ref (C, -1), (V-Ref (C , -1)), 0), 14) + (Sum (If (C, <, REF (C, -1), (REF (C, -1)-C), 0), 14))))
Monday, April 11, 2011
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