Chande Momentum (CMO)
MomentumOwn panel belowThe sum of up days set directly against the sum of down days.
What it looks like
Drawn by running the real calculation over one sample series. Open a symbol and it is recalculated on that symbol's bars.
How to read it
It runs from −100 to +100 with zero as balance. Same raw material as RSI, but with no smoothing, so it moves far more sharply.
Where it misleads
With no smoothing it is jumpy.
Default settings
You can change these on the chart. These are the values it starts with.
In SQMATE
One tap to add
Open a symbol, tap the name in the indicator list and it is drawn straight away. You can stack several copies of the same indicator with different settings.
Recalculated per timeframe
Switch between minute, hourly, daily, weekly or monthly bars and it is recalculated on that timeframe. The maths runs over every bar loaded, so zooming never moves the line.
Use it as a search condition
Some indicators can also be used as an axis when searching for symbols — for example, keeping only symbols above a given reading, scanned every night.
Related indicators
- KSTFour rates of change of different lengths, weighted and added together.
- Coppock CurveTwo long rates of change added and smoothed into a very slow line.
- Fisher TransformA transform that stretches the price distribution towards a bell shape so extremes stand out.
- Relative Vigor IndexHow far above the open the close finished, divided by that bar's range.
- Balance of PowerWho won inside a single bar, buyers or sellers, on a −1 to +1 scale.
- Connors RSIRSI combined with a run-of-up-days count and how unusual today's change is.
Every indicator is an observation computed from past bars. It does not tell you future prices and it is not investment advice.