Trade Stock Indices

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Chande Momentum Oscillator Indices Technical Analysis and Indices Trading Signals

Developed by Tushar Chande


Chande Momentum Oscillator measures momentum of indices.


This Indicator uses a scale ranging between +100 and -100 thus allowing the indices 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 the Oscillator.

Chande Momentum Oscillator



Indices Technical Analysis and Generating Indices Trading Signals


Buy Indices Trading Signal

This Oscillator measures the momentum of indices price.


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


The higher the indicator goes the higher the upward stock indexes price momentum.


Buy Indices Trading Signal

Buy Indices Trading Signal



Sell Indices Trading Signal

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


The lower the indicator goes the higher the downward stock indexes price momentum.


Sell Indices Trading Signal

Sell Indices Trading Signal

 

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