# Chande Momentum Oscillator (CMO)

The CMO is one of several indicators created by the technical analyst Tushar Chande; it is a technical momentum indicator. This indicator arises from calculating the difference between the total of all recent gains and the total of all recent losses, and then dividing this result by the total of all price movement over the given period. This oscillator shares similarities with other momentum indicators such as the Relative Strength Index and the Stochastic Oscillator, because it is also range-bound (+100 and -100).

**The security is deemed overbought when the momentum oscillator is above +50 and oversold when it is below -50. Many technical traders add a nine-period moving average to this oscillator to act as a signal line. Bullish signals are generated when the oscillator crosses above the signal, and bearish signals are generated when the oscillator crosses down through the signal.**

CMO(int period)

CMO(IDataSeries inSeries, int period)

CMO(int period)[int barsAgo]

CMO(IDataSeries inSeries, int period)[int barsAgo]

**double**

When using this method with an index (e.g.

**CMO**(14)[**int**barsAgo] ), the value of the indicator will be issued for the referenced bar.inSeries Input data series for the indicator

period Number of bars included in the calculations

Chande Momentum Oscillator (CMO)

//Output for the value of the Chande Momentum Oscillator

Print("The current value for the Chande Momentum Oscillator is: " + CMO(14)[0]);