This study combines two versatile momentum indicators :
Chande Momentum Oscillator:
-Measures trend strength, with higher absolute values meaning greater strength.
-Also tracks divergence. When price increases, but is not accompanied by an increase in Chande Momentum Oscillator values, it signifies bearish divergence and a reversal is likely to follow.
-Shown...
StochCMO is the combination of Stochastic and CMO (Chande Momentum Oscillator).
The StochCMO is an indicator used in technical analysis that ranges between zero and one and is created by applying the Stochastic Oscillator formula to a set of Chande Momentum Oscillator (CMO) values rather than standard price data. Using CMO values within the Stochastic formula...
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🚀 Indicator Specific Info
I have found this indicator to show nice divergences as shown on the main chart. Even in this nightmarish sideways bitcoin movement, it still is giving decent divergence signals! It also gives a...
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🚀 Indicator specific Info
I find this implementation of CMO useful for spotting divergences and for creating signals based on the indicator. Some divergences were highlighted on the chart/indicator showing you potential use cases.
🚀 Crypto-Sticks General Info
💭The...
Chande Momentum Oscillator script.
This indicator was developed and described by Tushar S. Chande and Stanley Kroll in their book "The New Technical Trader" (1994, Chapter 5: New Momentum Oscillators).
-=The Script=- Creators Edition
A classic edition in the series of -=The Script=-
The pre-weighted values compatible with many coinpairs:
• A combination of standard indicators that produce very nice results when touched by -=The Script=- Creator!
DISCLAIMER:
The creators of these script are not financial advisors, and as such, this script is not...
The absolute value of "CMO" alone makes it impossible to know the current location for the waves and there is a possibility of doing useless entry.
To prevent this, display EMA.
The absolute value of "CMO" alone makes it impossible to know the current location for the waves and there is a possibility of making useless entries.
In order to prevent this, display EMA.
This indicator plots a CMO which ignores price changes which are less
than a threshold value. CMO was developed by Tushar Chande. A scientist,
an inventor, and a respected trading system developer, Mr. Chande developed
the CMO to capture what he calls "pure momentum". For more definitive
information on the CMO and other indicators we recommend the book...
This indicator plots average of three different length CMO's. This indicator
was developed by Tushar Chande. A scientist, an inventor, and a respected
trading system developer, Mr. Chande developed the CMO to capture what he
calls "pure momentum". For more definitive information on the CMO and other
indicators we recommend the book The New...
// This indicator plots the absolute value of CMO. CMO was developed by Tushar
Chande. A scientist, an inventor, and a respected trading system developer,
Mr. Chande developed the CMO to capture what he calls "pure momentum". For
more definitive information on the CMO and other indicators we recommend the
book The New Technical Trader by...
This indicator plots Chande Momentum Oscillator and its WMA on the
same chart. This indicator plots the absolute value of CMO.
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
...
![XBTUSD.P: [AU] Composite Stoch](https://s3.tradingview.com/k/KQvlVCFH_mid.png "[AU] Composite Stoch")
![BTCUSD: StochCMO - Stochastic CMO [SHK]](https://s3.tradingview.com/3/3vVaYQRE_mid.png "StochCMO - Stochastic CMO [SHK]")
![BTCUSD: [Single] Heartbeat_Live (pine v3 version)](https://s3.tradingview.com/t/t6hFxd7n_mid.png "[Single] Heartbeat_Live (pine v3 version)")
