PROTECTED SOURCE SCRIPT
stelaraX - CMO
stelaraX – CMO
stelaraX – Chande Momentum Oscillator (CMO) is a momentum oscillator designed to measure the strength and direction of price movement by comparing recent gains and losses. It reacts faster than many traditional oscillators and provides clear insight into momentum extremes and shifts.
This indicator is part of the stelaraX ecosystem, focused on clean technical analysis and AI-supported chart evaluation
stelarax.com
Core logic
The Chande Momentum Oscillator evaluates momentum by summing positive and negative price changes over a user-defined lookback period and normalizing the result on a −100 to +100 scale.
Key principles:
* positive momentum is derived from upward price changes
* negative momentum is derived from downward price changes
* values above zero indicate bullish momentum
* values below zero indicate bearish momentum
* extreme readings highlight overbought and oversold conditions
Readings near the upper threshold suggest stretched bullish momentum, while readings near the lower threshold suggest stretched bearish momentum.
Visualization
The script plots:
* the CMO line in a separate indicator pane
* upper and lower threshold levels for momentum extremes
* a zero reference line for directional context
* a filled zone between thresholds to highlight the momentum range
This layout makes momentum shifts and extreme conditions easy to identify.
Use case
This indicator is intended for:
* identifying momentum strength and direction
* spotting overbought and oversold market conditions
* detecting momentum reversals
* confirming trend continuation or exhaustion
* supporting short-term and momentum-based trading strategies
It works well in both trending and ranging markets when combined with additional filters or AI-assisted chart analysis.
Disclaimer
This indicator is provided for educational and technical analysis purposes only and does not constitute financial advice or trading recommendations. All trading decisions and risk management remain the responsibility of the user.
stelaraX – Chande Momentum Oscillator (CMO) is a momentum oscillator designed to measure the strength and direction of price movement by comparing recent gains and losses. It reacts faster than many traditional oscillators and provides clear insight into momentum extremes and shifts.
This indicator is part of the stelaraX ecosystem, focused on clean technical analysis and AI-supported chart evaluation
stelarax.com
Core logic
The Chande Momentum Oscillator evaluates momentum by summing positive and negative price changes over a user-defined lookback period and normalizing the result on a −100 to +100 scale.
Key principles:
* positive momentum is derived from upward price changes
* negative momentum is derived from downward price changes
* values above zero indicate bullish momentum
* values below zero indicate bearish momentum
* extreme readings highlight overbought and oversold conditions
Readings near the upper threshold suggest stretched bullish momentum, while readings near the lower threshold suggest stretched bearish momentum.
Visualization
The script plots:
* the CMO line in a separate indicator pane
* upper and lower threshold levels for momentum extremes
* a zero reference line for directional context
* a filled zone between thresholds to highlight the momentum range
This layout makes momentum shifts and extreme conditions easy to identify.
Use case
This indicator is intended for:
* identifying momentum strength and direction
* spotting overbought and oversold market conditions
* detecting momentum reversals
* confirming trend continuation or exhaustion
* supporting short-term and momentum-based trading strategies
It works well in both trending and ranging markets when combined with additional filters or AI-assisted chart analysis.
Disclaimer
This indicator is provided for educational and technical analysis purposes only and does not constitute financial advice or trading recommendations. All trading decisions and risk management remain the responsibility of the user.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.