Chandes Dynamic Momentum Index Technical Analysis and Chande DMI Signals
Developed by Tushar Chandes
Chande DMI is similar to Welles Wilder's Relative Strength Index (RSI), however, there is one very important difference.
Relative Strength Index uses a fixed number of price periods while the Chande Momentum Dynamic Index uses a variable amount of price periods as market volatility changes.
The number of price periods used by this Momentum Index indicator decreases as market volatility increases. This allows the technical indicator to be more responsive to price changes.
The Chande DMI is more accurate than the RSI, has less whipsaws & is less Choppy
Trading Analysis and Generating Signals
Buy Signal
A buy signal is generated when DMI crosses above 50 level mark.
Buy Signal
Sell Signal
A sell signal is generated when DMI crosses below the 50 level mark.
Chande DMI Indicator Sell Signal
What is a Trading Plan? - Writing a Plan Example Template
Alternatives: EA Automated Robots or Copier Trading Signals
