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OPEN-SOURCE SCRIPT

Chande Momentum Oscillator Trend | Dextra

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Overview
A momentum-driven trend filter that turns the powerful Chande Momentum Oscillator (CMO) into a clean, actionable trend signal. ChandeMO Trend uses hysteresis locking to stay in bullish or bearish mode only when true momentum confirms direction. Instant visual clarity with fully colored candles:
  • Emerald Green → Bullish momentum locked
  • Hot Pink → Bearish momentum locked


How It Works
  • Calculates Chande Momentum Oscillator using EMA-smoothed upside/downside momentum
  • Triggers trend only when CMO exits the neutral zone
  • Locks the state until opposite threshold is broken
  • Updates CMO line color and candle appearance in real time

Script de código abierto

In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.

xdextra
OscillatorsPortfolio managementTrend Analysis

Exención de responsabilidad

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.
OscillatorsPortfolio managementTrend Analysis

Script de código abierto

In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.

xdextra

Exención de responsabilidad

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.