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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