The Chande Momentum Oscillator (CMO) was developed by Tushar Chande, a scientist, inventor, and a respected trading system developer. Tushar Chande developed the CMO to capture what he calls “pure momentum.” It is closely related to, although unique from, other momentum oriented indicators such as the RSI, Stochastic, Rate-of-Change, etc. It is most closely related to Welles Wilder’s RSI (see Relative Strength Index).
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