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 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 price volatility increases. This allows the 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
Index Technical Analysis and Generating Trade Signals
Buy Trading Signal
A buy trade signal is generated when the DMI crosses above 50 level mark.
Buy Trade Signal
Sell Trade Signal
A sell trade signal is generated when the DMI crosses below the 50 level mark.
Sell Signal
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