Chande Momentum Oscillator (CMO)

Chande Momentum Oscillator — the difference between the sum of gains and the sum of losses, scaled to -100..100. Chande Momentum Oscillator (CMO) computes the difference between the sums of upward and downward movements over a period, normalized to their sum. Values range from -100 to +100. Values above +50 — strong upward momentum, below -50 — downward. A zero cross is used as a trading signal.

Formula:

Up Sum   = SUM(max(Close - Close_prev, 0), n)
Down Sum = SUM(max(Close_prev - Close, 0), n)
CMO = 100 * (Up Sum - Down Sum) / (Up Sum + Down Sum)

Parameters

Parameter	Type	Default	Range / Values
Period	int	14	1-200

Triggers

Trigger	Direction	Condition	Description
Level cross up	🟢 Buy	The indicator value crossed the specified level from below to above.	The CMO line crosses the configurable level Level from below to above. Level is set in the trigger parameters.
Level cross down	🔴 Sell	The indicator value crossed the specified level from above to below.	The CMO line crosses the Level from above to below. Level is set in the trigger parameters.
Value above level by N	🟢 Buy	The indicator value rose above the level by the specified distance.	The CMO line crosses the Level + Distance mark, moving up. The distance delays entry until a confirmed breakout of the level.
Value below level by N	🔴 Sell	The indicator value dropped below the level by the specified distance.	The CMO line crosses the Level − Distance mark, moving down.
Value rising	🟢 Buy	The indicator value is rising relative to the previous bar.	The CMO line is higher on the current bar than on the previous one — upward momentum.
Value falling	🔴 Sell	The indicator value is falling relative to the previous bar.	The CMO line is lower on the current bar than on the previous one — downward momentum. Fires on every declining bar.
Slope turns positive	🟢 Buy	The indicator slope turned positive — an upward reversal.	The CMO line changes its slope from descending to ascending — the indicator stopped falling and started rising.
Slope turns negative	🔴 Sell	The indicator slope turned negative — a downward reversal.	The CMO line changes its slope from ascending to descending — the indicator stopped rising and started falling.
Zero cross up	🟢 Buy	The indicator line crossed zero from below to above — a buy signal.	The CMO line crosses the zero level from below to above.
Zero cross down	🔴 Sell	The indicator line crossed zero from above to below — a sell signal.	The CMO line crosses the zero level from above to below.
Enter overbought zone	🔴 Sell	The oscillator entered the overbought zone.	The CMO line crosses the overbought threshold Overbought from below to above — the upper extreme of the range is reached. In a counter-trend strategy it is used as a sell signal.
Enter oversold zone	🟢 Buy	The oscillator entered the oversold zone.	The CMO line crosses the oversold threshold Oversold from above to below — the lower extreme of the range is reached. In a counter-trend strategy it is used as a buy signal.
Exit overbought zone	🔴 Sell	The oscillator exited the overbought zone.	The CMO line returns below the overbought threshold Overbought — the upward momentum weakens.
Exit oversold zone	🟢 Buy	The oscillator exited the oversold zone.	The CMO line rises above the oversold threshold Oversold — the downward momentum weakens.

Trigger parameters

Parameter	Type	Default	Range / Values
Level (Value above level by N, Value below level by N, Level cross up, Level cross down)	float	0
Distance (Value above level by N, Value below level by N)	float	0	0>
Oversold (Enter oversold zone, Exit oversold zone)	float	20	0-50
Overbought (Enter overbought zone, Exit overbought zone)	float	80	50-100

Use in Cryptorg

This indicator is available in Cryptorg on Bybit and Binance liquidity. Its triggers integrate directly into Crazy bots — use them to open or close deals automatically.