Chande Momentum Oscillator Indicator Trading Analysis & Signals – Trading analysis with the Chande Momentum Oscillator.
Developed by Tushar Chande
Chande Momentum Oscillator Indicator measures momentum of gold.
This indicator uses a range from +100 to -100, letting traders easily see changes in momentum with the 0 mark as a central point.
Calculation
Chande momentum looks at up days and down days in the top part. It measures strength directly.
The calculations are performed on raw, unsmoothed data, which helps to keep short-term extreme price fluctuations more visible. Nonetheless, smoothing can still be applied to the Oscillator Indicator afterwards.
XAU/USD Analysis and How to Generate Signals
Buy Signal
This Oscillator Technical measures the force of price.
Levels above the zero line signal bullish or buy chances.
The higher the indicator goes the higher the upward trading price momentum.
Buy Trade Signal
Sell XAUUSD Signal
Levels below Zero line are considered to be bearish/buy signals.
The lower the indicator goes the higher the downward trading price momentum.
Sell Signal
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