Chandes Momentum Oscillator Technical Indicator Technical Analysis & Trading Signals
Developed 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, therefore 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 & How to Generate Signals
Buy Trade 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 Trade 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 Trade Signal
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