Chande Momentum Oscillator Indicator Trading Analysis & Signals

Developed by Tushar Chande

Chande Momentum Oscillator Indicator measures momentum of gold.

This Indicator uses a scale ranging between +100 & -100 thus allowing the trader to clearly see changes in net momentum using the 0 level mark as a balance point.

Calculation

Chande momentum uses information for both up days and down days in the numerator, thereby directly measuring power.

The calculations are carried out on un-smoothed data. This allows for shortterm extreme movements to be less hidden. However, smoothing out can still be applied to the Oscillator Indicator.

XAU/USD Analysis and How to Generate Signals

Buy Signal

This Oscillator Technical measures the force of price.

Levels above Zero line are considered to be bullish/buy signals.

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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