Chande Momentum Oscillator.afl
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- //------------------------------------------------------------------------------
- //
- // Formula Name: Chande Momentum Oscillator
- // Author/Uploader: Jayson Casavant
- // E-mail: jcasavant@adelphia.net
- // Date/Time Added: 2002-12-09 01:34:00
- // Origin: Tushar Chande
- // Keywords: Momentum
- // Level: basic
- // Flags: indicator
- // Formula URL: http://www.amibroker.com/library/formula.php?id=239
- // Details URL: http://www.amibroker.com/library/detail.php?id=239
- //
- //------------------------------------------------------------------------------
- //
- // The CMO is closely related to, yet unique from, other momentum oriented
- // indicators such as Relative Strength Index, Stochastic, Rate-of-Change,
- // etc. It is most closely related to Welles Wilder’s RSI, yet it
- // differs in several ways. For a nice description of the indicator and
- // interpretation visit
- //
- // http://www.paritech.com/education/technical/indicators/momentum/chande.asp
- //
- //------------------------------------------------------------------------------
- cmopds=20;
- CMO_1=Sum( IIf( C > Ref( C, -1 ) , ( C - Ref( C ,-1 ) ) ,0 ) ,cmopds ) ;
- CMO_2=Sum( IIf( C < Ref( C ,-1 ) , ( Ref( C ,-1 ) - C ) ,0 ) ,cmopds );
- CMO=100 * (( CMO_1 -CMO_2) /( CMO_1+CMO_2));
- Plot(Cmo,"CMO",IIf(cmo>Ref(cmo,-1),5,4),2|styleThick);
- Plot(MA(Cmo,9),"Trigger",colorYellow);
- Plot(50,"",15);
- Plot(-50,"",15);
- Title="CMO"+WriteVal(Cmo)+" Trigger"+WriteVal(MA(Cmo,9));