Chande Momentum Oscillator (CMO)
The CMO is an indicator created by Tushar Chande to identify changes in a security's trend. It measures the rate of change of prices on a daily or periodic basis.
It yields a value between +100 and -100. The higher the value above 0, the stronger the bullish sentiment; the same applies in the negative.
Interpretation: consecutive extreme values possible new trend in progress. Values between +20 and -20: likely consolidation or period of low volatility.
The CMO can be used to identify oversold or overbought levels in the market.
