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The Chande Momentum Oscillator (CMO) by Tushar Chande is a variation on the
RSI (see Relative Strength Index) using an SMA (see Simple Moving Average) and on a scale between *-100* and *+100*.

SMA[N] of (close - prev close) CMO = 100 * --------------------------------- SMA[N] of abs(close - prev close)

The formula can also be written in the style of the RSI, with U=close-prev on an up day, and D=prev-close on a down day.

SMA[N] of U CMO = -100 + 200 * ------------------------- SMA[N] of U + SMA[N] of D

See also TSI (see True Strength Index), another different moving average for an RSI.

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