Custom Formula Collection

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.