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Chande Momentum Oscillator (CMO)
The Chande Momentum Oscillator was developed by Tushar S. Chande and is described in the 1994 book The New Technical Trader by Tushar S. Chande and Stanley Kroll. This indicator is a modified RSI. Where the RSI divides the upward movement by the net movement (up / (up + down)), the CMO divides the total movement by the net movement ((up - down) / (up + down)). Values under -50 indicate oversold conditions while values over 50 indicate overbought conditions.
double; Accessing this method via an index value [int barsAgo] returns the indicator value of the referenced bar.
You can view this indicator method source code by selecting the menu Tools > Edit NinjaScript > Indicator within the NinjaTrader Control Center window.