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RicardoSantos
Jul 2, 2015 7:54 PM

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

Euro Fx/U.S. DollarFXCM

Description

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
Comments
fannytradz
Hidden treasure.... very easy to read with this old indicator ... Thank you
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