//------------------------------------------------------------------------------
//
// 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));
