Chandes Momentum Oscillator Metals Analysis & Trading Signals

Developed by Tushar Chande

Chandes Momentum Oscillator measures momentum of metals.

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 data for both up days and down days in the numerator, thereby directly measuring momentum.

The calculations are performed on unsmoothed data. This allows for short term extreme movements to be less hidden. However, smoothing can still be applied to Oscillator.

Metals Analysis and How to Generate Trading Signals

Buy Trading Signal

This Oscillator measures the momentum of metals price.

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

The higher the indicator goes the higher the upward metals price momentum.

Buy Trading Signal

Sell Trading Signal

Levels below Zero line are considered to be bearish/buy trading signals.

The lower the indicator goes the higher the downward metals price momentum.

Sell Trading Signal