Tuschar Chande’s Momentum Oscillator 0

Posted on 17, June 2013

in Category SID


Description for CMO SID 527

Tuschar Chande’s Momentum Oscillator

Tuschar Chandes Momentum Oscillator/sid The logic for this technical analysis indicator:

#Tuschar Chande's Momentum Oscillator
my ($period)=@_;  
ValidatePeriods($period);

100 * 
((Sum(If(Close > Ref(Close,-1),(Close-Ref(Close,-1)),0),$period)) - 
(Sum(If(Close < Ref(Close,-1),(Ref(Close,-1)-Close),0),$period))) / 
((Sum(If(Close >Ref(Close,-1),(Close-Ref(Close,-1)),0),$period) + 
(Sum(If(Close < Ref(Close,-1),(Ref(Close,-1)-Close),0),$period))));

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