Chande Momentum Oscillator (CMO)

The Chande Momentum Oscillator (CMO) determines the momentum of a market and generates trade signals via oversold and overbought conditions. This indicator works a bit like RSI except that it calculates, up and down, time intervals in both the denominator and numerator. The oscillator fluctuates between -100 (oversold) and 100 (overbought).

Tip: Use during sideways markets or to confirm trends with reversed signals.

Interface

Supported license & Trade types

Supported License	Supported Trade Types
	Spot trading
Simple license	Margin trading
Advanced license	Leverage trading

General Settings

• Exchange Website to monitor

• Currency Pair to monitor for trade signals

• Update Speed

• Trade Signals

Tip: The exchange doesn't have to be the same exchange you are currently trading on.

Indicator Settings

• Length

  • Number of candles (or time periods) before an action is taken.

• Buy Threshold

  • When the calculation result is equal or below this value, the indicator will generate a buy signal.

• Sell Threshold

  • When the calculation result is equal or above this value, the indicator will generate a sell signal.

Usage

This is a momentum oscillator. Use this in combination with other indicators for determining trend reversals. Users may want to use this indicator during a sideways market.