Chande Momentum Oscillator

A technical momentum indicator invented by the analyst Tushar Chande.

The Chande Momentum Oscillator is created by calculating the difference between the sum of all recent gains and the sum of all recent losses and then dividing the result by the sum of all price movement over the period.

This oscillator is similar to other momentum indicators such as the Relative Strength Index and the Stochastic Oscillator because it is range bounded (+100 and -100).

Parameter: PSUM

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