CMO | R Documentation |
The Chande Momentum Oscillator (CMO) is a modified RSI. Developed by Tushar S. Chande.
CMO(x, n = 14)
x |
Price, volume, etc. series that is coercible to xts or matrix. |
n |
Number of periods to use. |
The CMO divides the total movement by the net movement ([up - down] / [up + down]), where RSI divides the upward movement by the net movement (up / [up + down]).
A object of the same class as x
or a vector (if try.xts
fails) containing Chande Momentum Oscillator values.
There are several ways to interpret the CMO:
Values over/under +/- 50 indicate overbought/oversold conditions.
High CMO values indicate strong trends.
When the CMO crosses above/below a moving average of the CMO, it is a buy/sell signal.
Joshua Ulrich
The following site(s) were used to code/document this
indicator:
https://www.fmlabs.com/reference/CMO.htm
See RSI
.
data(ttrc)
cmo <- CMO(ttrc[,"Close"])
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