NAME

GT::Indicators::CMO - Chande Moment Oscillator


DESCRIPTION

The CMO indicator was developed by Trushar Chande and presented 1994 in the book "The New Technical Trader". It can be used as an oscillator (CMO > 50 => overbought, CMO < -50 => oversold) or as a trend indicator (the higher/lower the CMO, the stronger the trend)

   CMO = 100 * (SumUp-SumDown) / (SumUp+SumDown)

Parameters

Period (default 10)

This argument is used to calculate the SumUp and SumDown.

Creation

 GT::Indicators::CMO->new()

Links