Chandes Momentum Oscillator Technical Indicator Analysis & Trading Signals
Developed and Created by Tushar Chande
Chandes Momentum Oscillator Indicator measures momentum of indices.
This Indicator uses a scale ranging between +100 and -100 thus allowing the trader to clearly see changes in net momentum using the Zero level mark as a balance point.
Calculation
Chandes momentum uses data for both up days and down days in the numerator, thenceforth directly measuring momentum.
The calculations are performed and carried out on un-smoothed data. This allows for shortterm extreme market moves to be less hidden. However, smoothing out can still be applied to the Oscillator Indicator.
Stock Technical Analysis and How to Generate Trading Signals
Buy Signal
This Oscillator Indicator measures the energy of price.
Levels above Zero line are considered to be bullish/buy stock signals.
The higher the indicator goes the higher the upward price momentum.
Buy Signal
Sell Trading Signal
Levels below Zero line are considered to be bearish/buy stock signals.
The lower the indicator goes the higher the downwards price momentum.
Sell Signal
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