[no subject]

rev. 01/06/97
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.
 
Lionel Issen<A 
href="mailto:lissen@xxxxxxxxxxxxxx";>lissen@xxxxxxxxxxxxxx
<BLOCKQUOTE dir=ltr 
style="PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
  ----- Original Message ----- 
  <DIV 
  style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From: 
  <A title=Roberts@xxxxxxxxxxxxxxxxxxx 
  href="mailto:Roberts@xxxxxxxxxxxxxxxxxxx";>Simon Roberts 
  To: <A title=metastock@xxxxxxxxxxxxx 
  href="mailto:metastock@xxxxxxxxxxxxx";>metastock@xxxxxxxxxxxxx 
  Sent: Friday, June 01, 2001 3:05 AM
  Subject: CMO or Chande Momentum 
  Oscilllator
  
  Could anyone give me the construction of this 
  oscillator, and perhaps a bit of the thinking behind it? ( I know that MStock 
  has a built in CMO).
  thanks, 
Simon