R: Chande Momentum Oscillator

CMO {TTR} | R Documentation

## Chande Momentum Oscillator

### Description

The Chande Momentum Oscillator (CMO) is a modified RSI. Developed by Tushar S. Chande.

### Usage

    CMO(x, n = 14)

### Arguments

`x` | Price, volume, etc. series that is coercible to xts or matrix.
`n` | Number of periods to use.

### Details

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]).

### Value

A object of the same class as `x` or a vector (if `try.xts` fails) containing Chande Momentum Oscillator values.

### Note

There are several ways to interpret the CMO:

1. Values over/under +/- 50 indicate overbought/oversold conditions.

2. High CMO values indicate strong trends.

3. When the CMO crosses above/below a moving average of the CMO, it is a buy/sell signal.

### Author(s)

Joshua Ulrich

### References

The following site(s) were used to code/document this indicator:
http://www.fmlabs.com/reference/CMO.htm

### See Also

See `RSI`.

### Examples

    data(ttrc)
    cmo <- CMO(ttrc[,"Close"])

[Package TTR version 0.23-1 Index]