Chande Dynamic Momentum Index CFD Technical Analysis and Chande DMI CFD Signals
Developed by Tushar Chande
Chande DMI indicator is similar to Welles Wilder's RSI technical indicator , however, there's one very important difference.
Relative Strength Index uses a fixed number of cfds price periods while the Chande Momentum Dynamic Index uses a variable amount of cfds price periods as market volatility changes.
The number of cfds price periods used by this Momentum Index trading indicator decreases as the market volatility increases. This allows the technical indicator to be more responsive to cfds price changes.
The Chande DMI is more accurate than the RSI, has less whipsaws and is less Choppy
CFDs Technical Analysis & How to Generate CFDs Signals
Buy CFDs Signal
A buy signal is generated when DMI crosses above the 50 level mark.
Buy CFDs Signal
Sell CFDs Signal
A sell signal is generated when DMI crosses below the 50 level mark.
Sell CFDs Signal
