[RS]Chande's Momentum Oscilator - MMA - Candles V0 — Indicator by RicardoSantos

momentum movingaverage oscillator candle

update to old script: using candles to plot multiple moving averages increases readability.

Release Notes:

Update for V5.
The Chande momentum oscillator is a technical momentum indicator introduced by Tushar Chande in his 1994 book The New Technical Trader. The formula calculates the difference between the sum of recent gains and the sum of recent losses and then divides the result by the sum of all price movements over the same period.
~reference

Open-source script

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[RS]Chande&#039;s Momentum Oscilator - MMA - Candles V0

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[RS]Chande's Momentum Oscilator - MMA - Candles V0