CMO

Chande Momentum Oscillator

CMO is a modified RSI and its use is also very similar to that of RSI.

INTERPRETATION:

Values under -50 indicate oversold condition and values over 50 indicate overbought condition. But don't enter trade just because security is oversold or overbought.

  • Buy when CMO bottoms and then turns up.
  • Sell when CMO peaks and then turns down.

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