Functions

talib.cmo()

Chande Momentum Oscillator. Calculates the difference between the sum of recent gains and the sum of recent losses and then divides the result by the sum of all price movement over the same period.

Syntax

                talib.cmo(series float source, series int length) → series float

Arguments

source required series float Series of values to process.

length required series int Number of bars (length).

Return Type

series float

Example


          indicator("Chande Momentum Oscillator (CMO)", overlay=false)
// User input
length = input(14, title="CMO Length")
// Calculate CMO
cmoValue = talib.cmo(close, length)
// Plot CMO
plot(cmoValue, title="CMO", color=color.blue, linewidth=2)
// Overbought/Oversold Levels
hline(50, "Overbought", color=color.green)
hline(0, "Neutral", color=color.gray)
hline(-50, "Oversold", color=color.red)