Chande Momentum Oscillator script. This indicator was developed and described by Tushar S. Chande and Stanley Kroll in their book "The New Technical Trader" (1994, Chapter 5: New Momentum Oscillators).
Variable Moving Average, often abbreviated as VMA, is an Exponential Moving Average developed by Tushar S. Chande. VMA automatically adjusts its smoothing constant on the basis of Market Volatility. Use this like other Moving Averages. I have added the following options that can be enabled via options page: - Trend Direction Indication: Green = Up trend, Blue =...
This is a composite oscillator derived from modified 5/10/20 Chande's Dynamic Momentum Index values. Volatility is factored in, by design. Look for OB/OS extremes and divergences. I added the green/red ribbon look to make it easy to read :) More info: www.investopedia.com List of my public indicators: bit.ly List of my app-store indicators: ...
The Intraday Momentum Index (IMI), developed by Tushar Chande, is a cross-breed between RSI and candlestick analysis. IMI determines the candle type that dominated the recent price action, using that to pinpoint the extremes in intraday momentum. As the market tries to bottom after a sell off, there are gradually more candles with green bodies, even though...
This is a combination of Aroon and Chande Momentum Oscillator . I made a histogram of Aroon , aqua line is Chande Momentum and the orange line are a simple moving average of Chande Momentum as a signal line. One strategy you can use this for is to buy or sell when the signal line crosses the CM line or you can buy and sell when CM line is highest or lowest You...
This is a combination of Lazybears WaveTrend Oscillator (purple line) and Chande Momentum Oscillator (blue line with the orange line as a signal line). Use WaveTrend as a confirmation tool. It is consider as a selling point when CMO is over the red horizontal dotted line. The opposite applies if CMO line is under the red horizontal dotted line. You can also use...
This study combines two versatile momentum indicators : Chande Momentum Oscillator: -Measures trend strength, with higher absolute values meaning greater strength. -Also tracks divergence. When price increases, but is not accompanied by an increase in Chande Momentum Oscillator values, it signifies bearish divergence and a reversal is likely to follow. -Shown...
*** Full description in the comment below ****** This chart has 3 indicators: - Chande's R2 - Zscore - Inverse Fisher Transform on CCI Feel free to "make mine" (click on the SHARE button) and use these indicators in your charts.
Introducing the Caretakers Reverse Chande Momentum Oscillator. The Chande momentum oscillator is a technical momentum indicator which calculates the difference between the sum of recent gains and the sum of recent losses and then divides the result by the sum of all price movement over the same period. It is used to gauge “pure momentum”. It bears similarities...
This indicator plots Chande Momentum Oscillator. This indicator was developed by Tushar Chande. A scientist, an inventor, and a respected trading system developer, Mr. Chande developed the CMO to capture what he calls "pure momentum". For more definitive information on the CMO and other indicators we recommend the book The New Technical...
The absolute value of "CMO" alone makes it impossible to know the current location for the waves and there is a possibility of making useless entries. In order to prevent this, display EMA.
This indicator plots Chande Momentum Oscillator. This indicator was developed by Tushar Chande. A scientist, an inventor, and a respected trading system developer, Mr. Chande developed the CMO to capture what he calls "pure momentum". For more definitive information on the CMO and other indicators we recommend the book The New Technical...
Ingles The amazing multitemporal oscillator, allows you to see in a single graph the Waves that move the market in different temporalities, that is, you will be able to see the market trend, the impulse movement, the forced movement, and the entry and exit points, as well as also how both collide with each other, to understand why the smaller waves succumb to...
This applies Chande Momentum to Accumulation and Distribution index as a means to changes. Experimental oscillator. Compare it to both Money Flows, Acc/Dis and Chande and you notice it has elements of all of them. Could potentially replace other volume based momentum indicators in your strategy. It is a little more volatile, reaching from side to side, while...
StochCMO is the combination of Stochastic and CMO (Chande Momentum Oscillator). The StochCMO is an indicator used in technical analysis that ranges between zero and one and is created by applying the Stochastic Oscillator formula to a set of Chande Momentum Oscillator (CMO) values rather than standard price data. Using CMO values within the Stochastic formula...
This indicator plots a CMO which ignores price changes which are less than a threshold value. CMO was developed by Tushar Chande. A scientist, an inventor, and a respected trading system developer, Mr. Chande developed the CMO to capture what he calls "pure momentum". For more definitive information on the CMO and other indicators we recommend the book The...
This indicator plots average of three different length CMO's. This indicator was developed by Tushar Chande. A scientist, an inventor, and a respected trading system developer, Mr. Chande developed the CMO to capture what he calls "pure momentum". For more definitive information on the CMO and other indicators we recommend the book The New...