Chande Momentum Oscillator (CMO-14)Momentum

Timeframe M1 · unit pts

What it measures

The CMO-14 measures the net sum of all upward bar changes minus all downward bar changes over the last 14 bars, normalized by their total absolute change. The result runs from −100 (all 14 bars were down) to +100 (all 14 bars were up), with 0 meaning perfectly balanced.

How Janira reads it (bullish vs bearish)

A CMO of +60 means that 80% of the directional energy of the last 14 bars was on the upside. A CMO of −60 means 80% was on the downside. Near 0 means the upward and downward moves were approximately equal - choppy, non-directional action.

In plain language

Imagine 14 people each saying 'up' or 'down' with different volumes of voice. The CMO asks: of all the total energy expressed, what fraction was upward versus downward? +100 = everyone shouted 'up' loudly, −100 = all 'down', 0 = perfectly split.

Scenarios

CMO above +50: more than 75% of the net price energy in the last 14 bars was positive - a strongly directional upward period.
CMO oscillating between −20 and +20: the market is chopping - upward and downward moves are nearly equal, no sustained directional commitment.
CMO below −50: more than 75% of the net price energy in the last 14 bars was negative - a strongly directional downward period.
CMO recovering from extreme negative toward zero: the proportion of downward energy is declining even if price is still drifting lower - selling momentum is exhausting.

More momentum indicators

Relative Strength Index (RSI-14)Relative Strength Index (RSI-7)Stochastic %K (period 14)Stochastic %D (3-period smooth of %K-14)Stochastic RSI (period 14)Commodity Channel Index (CCI-20)Williams %R (period 14)Rate of Change (ROC-12)

Janira computes Chande Momentum Oscillator (CMO-14) deterministically from live price action, the same way for every reading - no discretion, no hidden weighting. This page explains the method; it is not a live reading and not advice.