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CMO

Type: cmo • Category: indicators

Description​

Chande Momentum Oscillator

Parameters​

NameTypeDescriptionRequiredDefault
dataExpstringList of pricesno
timeperiodnumberno14

Help​

CMO (Chande Momentum Oscillator)

Description​

The Chande Momentum Oscillator (CMO) is a technical indicator used in financial markets to measure the momentum of price movements. It was developed by Tushar Chande.

What does this worker do?​

This worker calculates the Chande Momentum Oscillator (CMO) for a given set of price data. The CMO is a momentum indicator that measures the extent to which a security's price has changed over a given period.

How to interpret the results​

The CMO oscillates between -100 and 100. A CMO value above 50 indicates increasing momentum, while a value below -50 indicates decreasing momentum. Values between -50 and 50 indicate neutral momentum.

Parameters​

The following parameters can be passed to the CMO worker:

Parameters Schema (JSON)​

{
  "dataExp": {
    "type": "string",
    "description": "List of prices"
  },
  "timeperiod": {
    "type": "number",
    "default": 14
  }
}

Detailed Parameters​

  • dataExp:
    • Type: string
    • Description: A list of prices. This is the input data for which the CMO will be calculated.
  • timeperiod:
    • Type: number
    • Default: 14
    • Description: The time period over which the CMO is calculated. A higher value means the CMO will be less sensitive to price changes.

Usage​

To use this worker, provide the required parameters in the specified format. For example:

{
  "dataExp": "[10.0, 12.0, 15.0, 13.0, 14.0]",
  "timeperiod": 14
}

This will calculate the CMO for the given list of prices over a 14-period window.