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Saturday, 26 November 2022
Forex-Chandes-Momentum-Oscillator
Forex-Chandes-Momentum-Oscillator

Forex-Chandes-Momentum-Oscillator

Watch the testing video here:

Chande Momentum Oscillator Metatrader 5 Forex Indicator

 

CMO is short for Chande Momentum Oscillator, and just as the name implies, it is a Metatrader 5 forex indicator that uses smoothed price for its calculations.

This invariably enhances the indicator’s ability to filter trend direction.

Tushar Chande developed the Chande Momentum Oscillator, in order to further explain momentum.

In his book “The New Technical Trader: Boost Your Profit by Plugging into the Latest Indicators”, Chande discussed the CMO and a couple other technical tools.

The CMO Metatrader 5 custom forex indicator range from -100 to +100.

Overbought and oversold market conditions are represented by values above +50 and below -50 respectively.

Free Download

Download the “cmo.ex5” MT5 indicator

Example Chart

The USD/JPY H4 chart below displays the CMO Metatrader 5 forex indicator in action.

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