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).
Supported Trade Types
Exchange Website to monitor
Currency Pair to monitor for trade signals
Number of candles (or time periods) before an action is taken.
When the calculation result is equal or below this value, the indicator will generate a buy signal.
When the calculation result is equal or above this value, the indicator will generate a sell signal.
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.