Chande Momentum Oscillator
The Chande Momentum Oscillator compares price changes up and down over a selected period. The signal is generated when a value passes through a given threshold. There are entry and exit roles available in ISignal.
Add the card to the designer
Open the Binance or Bybit robot task and The ISignal designer. Select the Chande Momentum Oscillator from the entry or exit.
The trading instrument is out of the question. The new card uses form values; it's not a recommended strategy.
Set the settings
TF is selected from the list of current form; by default 1 minute.
The Type of candles is Ordinary or Hakeen-Ash, by default Ordinary.
Calculation allows you to select closed bars or current unlocked bars mode On the intersection (every second). The original meaning is After closing the bar.
Period bar window, starting value 9.
Threshold indicator level for crossing. The new form is 0. It's the value of the indicator scale, not the price of the pair.
When the signal is formed
Long signal: the previous value was below the threshold, and the new one reached it or got higher.
Short signal: the previous value was above the threshold, and the new one reached it or fell below it.
The new signal requires a transition through the threshold. Just being on one side of it isn't enough.
These rules apply to the deactivated Reverse field? the initial state of the form. The switch changes the long and short. The condition of the intersection itself is preserved.
Consider the meaning of the calculation
The period changes the set of price changes included in the calculation. The threshold chooses the level of the crossover; it does not specify the volume of the trade, the leverage or the price of the order.
Save the card and check the action
In the entry, the long signal is suitable for the long task, the short is short. In the exit, the correspondence is the opposite: the short signal serves as the condition for leaving the long, the long from the short. Other conditions of the task are also taken into account.
Check the field when you get the signal to exit. The initial mode takes into account deviation; its result depends on its configuration and the type of robot and does not guarantee profitable execution. The actions available may vary between modes.
Keep the card and check its role. Details of the commands and restrictions are provided in The ISignal instructions. The signal is not equal to the executed warrant.