Chandes Dynamic Momentum Technical Analysis & Chande DMI Trading Signals
Created by Tushar Chande
Chande DMI is similar to Welles Wilder's RSI, however, there is one very crucial difference.
Relative Strength Index uses a fixed number of stock trading price periods while the Chandes Momentum Dynamic Index uses a variable amount of stock trading price periods as market volatility changes.
The number of stock trading price periods used by this Momentum Index indicator decreases as the market volatility increases. This allows the technical indicator to be more responsive to stock trading price changes.
The Chande DMI is more accurate than the RSI, has less fake outs & is less Choppy
Indices Technical Analysis and Generating Trade Signals
Buy Signal
A buy trade signal gets generated when DMI crosses above 50 level mark.
Buy Trading Signal
Sell Trading Signal
A sell trade signal gets generated when DMI crosses below the 50 level mark.
Sell Signal
Learn More Lessons & Tutorials:
- What is Indices Trading MetaQuotes Language 5?
- Customizing & Arranging Charts Toolbars in MT4 Trading Platform
- US 30 Index Market Hours
- Ehlers Laguerre Relative Strength Index Technical Indicator Analysis
- Bollinger Bands Trading Indicator Bulge & Bollinger Bands Squeeze Indices Analysis
- Learn Stock Index Equity Management Rules Course Tutorial
- S and P 500 Opening Time & S and P 500 Closing Time
- NETH 25 on MT5 Explained
- Chaikin Money Flow Index Indicator Technical Analysis on Stock Indices Charts
- How Can You Trade US500 Indices Strategy?
