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Chande Momentum Oscillator (CMO)

The Chande Momentum Oscillator (CMO) is a momentum indicator that measures the difference between the sum of recent gains and losses over a specified period.

Formula

CMO = 100 × (Sum of Gains − Sum of Losses) / (Sum of Gains + Sum of Losses)

  • Gains: sum of positive changes over period
  • Losses: sum of absolute value of negative changes over period

Parameters

  • period (default: 14): Period for calculation

Usage Example

import { CMO } from '../src/cmo';

const cmo = new CMO();
const result = cmo.nextValue(close);
// result: CMO value

Returns

A single number: the CMO value for the current input.