Trade Stock Indices

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Chande Dynamic Momentum Index Indices Technical Analysis and Chande DMI MT5 Stock Indexes Indicator

Developed by Tushar Chande


Chande DMI is similar to Welles Wilder’s RSI, however, there is one very important difference.


Relative Strength Index uses a fixed number of stock indexes price periods while the Chande Momentum Dynamic Index uses a variable amount of stock indexes price periods as market volatility changes.


The number of stock indexes price periods used by this Momentum Index decreases as market volatility increases. This allows the indicator to be more responsive to stock indexes price changes.


The Chande DMI is more accurate than the RSI, has less whipsaws and is less Choppy

Chande Dynamic Momentum Index



Indices Technical Analysis and Generating Indices Trading Signals


Buy Indices Trading Signal

A buy Signal is generated when the DMI crosses above 50 level mark.

buy Signal generated Chande Dynamic Momentum

Buy Indices Trading Signal



Sell Indices Trading Signal

A sell Signal is generated when the DMI crosses below 50 level mark.

Sell Indices Trading Signal

Sell Indices Trading Signal

 

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