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Showing results for tags 'cmo'.
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I am a newbie in multicharts and easylanguage . I tried to translate the code I used in metastock to it . The following is a moving average . I tested it in the complier but no error return and complied successfully for the first time , but when I applied it over a chart , it returned error message and said there are kind of floating calculation error . Can someone give me a hand ? (notes , CMO is chande mementum oscillator which was posted here by another kind man earlier ) {10VIDYA} inputs: smooth(5); variable : AbsCMO(0); variable : SC(0); variable : vidya10©; AbsCMO=AbsValue(CMO©)/100; SC= 2/(smooth+1); vidya10= (sc*AbsCMO*c)+(1-(SC*AbsCMO))*vidya10[1]; Plot1(vidya10,"vidya10"); :crap:
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CMI - Chande Momentum Indicator Also known as CMO - The Chande Momentum Oscillator. The Chande Momentum Indicator was created by Tushar Chande and is described in his book The New Technical Trader. The Chande Momentum Indicator is closely related to the Relative Strength Index. It differs from RSI and Stochastics by using information from both up and down days. It is similar to RSI and Stochastics that you are looking for overbought and oversold signals. The overbought level is at +50 and the oversold level at -50. These levels approximate the 70/30 levels on the Relative Strength Index. The CMI is also useful to spot trends, used in a similiar manner as the Vertical Horizontal Filter (VHF). The higher the Chande Momentum Indicator the stronger the trend. Buy when a long period CMI crosses above the short period moving average of the CMI. Sell at the converse. Chande Momentum Indicator (MultiCharts).pla
