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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.
Last modified 2yr ago