Chande Momentum Oscillator - Indicator Formula

The Chande Momentum Oscillator adds up all the recent higher closes and all the recent lower closes and divides them by the sum of all price movement over a given period of time. That number is then multiplied by 100 to give it its oscillating range.

When the Chande Momentum’s reading is above +50, this represents a bullish opportunity.

When the Chande Momentum’s reading is below -50, this represents a bearish opportunity.

Calculation:

Chande Momentum Indicator = SUM( H ) – SUM( L ) / SUM( H ) + SUM( L )* 100

Where:

SUM( H ) = the sum of higher closes over N periods

SUM( L ) = the sum of lower closes over N periods

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