Chande Momentum Oscillator (CMO) – Definition and Signals

The Chande Momentum Oscillator (CMO) is a price momentum technical indicator invented by Tushar Chande. Chande introduced the indicator in his 1994 book “The New Technical Trader”. This indicator is created by calculating the difference between the sum of all recent gains and the sum of all recent losses in the analyzed market, and dividing the result by the sum … Read more