CMO Smoothed Indicator
Platform: MT4 Type: Oscillator Last update: October 6, 2024The CMO Smoothed indicator is based on Chande Momentum Oscillator but it uses smoothed price for its formula calculations.
It is an oscillator so the signal line moves between overbought (50) and oversold (-50) levels.
Usually, when the price is overbought – you should be looking for sell opportunities. Similarly, when the price is oversold – you should be looking for buy opportunities.
As an addition, you will find buy/sell arrows displayed on the chart.
