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Strategies & Market Trends : Technical Analysis- Indicators & Systems
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To: TechTrader42 who wrote (2663)8/23/1997 2:17:00 AM
From: Richard Estes   of 3325
 
There is a version at Equis site of a one and two formula CMO. It would seem to be Chande thoughts. MSWIN users have it built-in. Chande used ABS to get CMO postive and then determined an indexing constant to restrict range. I saw some strange things in your chart, never compared that close.

for 14 period CMO
100*((Sum(If(C,>,Ref(C,-1),(C-Ref(C,-1)),0),14))-(Sum(If(C,<,REF(C,-1),(REF(C,-1)-C),0),14))) /((Sum(If(C,>,Ref(C,-1),(C-Ref(C,-1)),0),14)+(Sum(If(C,<,REF(C,-1),(REF(C,-1)-C),0),14))))
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