Tradingview best indicators for day trading|best buy sell indicator tradingview free
Автор: FX World
Загружено: 2023-02-06
Просмотров: 271
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Tradingview best indicators for day trading|best buy sell indicator tradingview free #forexstrategy #forextrading
Easily Spot Market Trends with Chande Momentum Oscillator
The Chande Momentum Oscillator (CMO) is a technical analysis indicator used to determine the strength of a stock or security's price trend. . The CMO oscillates between positive and negative values and is used to identify potential trend reversals, overbought and oversold conditions, and to generate buy and sell signals. The CMO is often used in combination with other indicators and chart patterns to confirm trading signals.
here how to use this indicator?
When the CMO crosses above 50, it signals a bullish trend, while a cross below -50 signals a bearish trend.
A CMO value above 75 indicates an overbought condition, while a value below 25 indicates an oversold condition.
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