Chandes Dynamic Momentum Index Gold Analysis and Chande DMI Trading Signals

Developed by Tushar Chandes

Chandes DMI indicator is similar to Welles Wilder’s Relative Strength Index technical indicator, however, there is one very crucial difference.

RSI uses a fixed number of price periods while the Chandes 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 the 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 whipsaw fakeouts and is less Choppy

Gold Analysis & Generating Signals

Buy Trade Signal

A buy signal gets generated when DMI crosses above 50 level mark.

Buy Trade Signal

Sell Trading Signal

A sell trading signal gets generated when DMI crosses below the 50 level mark.

Sell Trading Signal

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