Chande Momentum Oscillator (CMO) - momentum indicator modification
The principle of the indicator - for a given number of periods n is considered price movement. For the two adjacent candles, the difference between the current and previous closing prices is taken. If the difference is positive, it is flattened to the final positive change; if the difference is negative, it is flattened to the final negative change. The value of the indicator itself is calculated as a 100% multiplied fraction, in which the difference of the final positive and final negative changes, and in the denominator - their amount.
View of the indicator on the chart:
To add and customize this indicator, you need to open the Indicator Settings Window.
Period - set period of indicator
Source - settings of calculation parameters of the indicator::
Panel - select the location of the indicator on the chart:
- New panel
Show value - display the value of the indicator on price scale.
Show zero values- display zero values.
Scale - if this option is enabled, the scale will automatically be calculated based on the minimum and maximum values of the indicator, in order for the indicator to be placed on the graph.
Visual type - visual adjustment of the indicator on the graph:
- Up arrow
- Down arrow
- Axis label
Line style - customize the appearance of the line:
- Dash - dot
- Dash - dot - dot
Width - adjust the thickness of the indicator line.
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