# Custom Formula Collection

Chande's Momentum Oscillator

The following are MetaStock formulas for Tuschar Chande's Momentum Oscillator. For interpretation refer to the book The New Technical Trader, by Tuschar Chande and Stanley Kroll.

CMO_1

Sum( If( C ,>
,Ref( C, -1 ) , ( C - Ref( C ,-1 ) ) ,0 ) ,14 )

CMO_2

Sum( If( C ,<
,Ref( C ,-1 ) , ( Ref( C ,-1 ) - C ) ) ,0 ) ,14 )

CMO_Final

100 * ( ( Fml( "CMO_1" ) - Fml( "CMO_2" ) ) / ( Fml( "CMO_1" ) + Fml( "CMO_2" ) ) )

You could also combine the above three formulas into one formula. The syntax would be:

100*((Sum(If(C,>,Ref(C,-1),(C-Ref(C,-1)),0),14))-(Sum(If(C,<,REF(C,-1),(REF(C,-1)-C),0),14))) /((Sum(If(C,>,Ref(C,-1),(C-Ref(C,-1)),0),14)+(Sum(If(C,<,REF(C,-1),(REF(C,-1)-C),0),14))))

*** These formulas were constructed using 14 time periods, you can change this by replacing every occurrence of 14 with your desired time period value.