Chande Dynamic Momentum Index Metals Analysis & Chande DMI Trading Signals
Developed by Tushar Chande
Chande DMI is similar to Welles Wilder's Relative Strength Index, however, there is one very important difference.
RSI uses a fixed number of metals price periods while the Chande Momentum Dynamic Index uses a variable amount of metals price periods as market volatility changes.
The number of metals price periods used by this Momentum Index indicator decreases as market volatility increases. This allows the technical indicator to be more responsive to metals price changes.
The Chande DMI is more accurate than the RSI, has less whipsaws and is less Choppy
Metals Analysis & Generating Trading Signals
Buy Trading Signal
A buy signal is generated when the DMI crosses above the 50 level mark.
Buy Trading Signal
Sell Trading Signal
A sell signal is generated when the DMI crosses below 50 level mark.
Sell Trading Signal
