Technical Analysis Using the Chandes Dynamic Momentum Indicator and Chande DMI Trading Signals

Developed by Tushar Chande

Chandes DMI is just like Welles Wilder's RSI, however, there is one very important distinction.

RSI sticks to set price periods. The Chandes Momentum Dynamic Index shifts periods as volatility moves.

This momentum index uses fewer periods as price swings grow. It reacts faster to changes in stock prices.

The Chande DMI is more accurate than the RSI, has less fake outs and is less Choppy

Index Technical Analysis and Generating Signals

Buy Trading Signal

A buy trade signal is generated when the DMI crosses above 50 level mark.

Buy Signal

Sell Signal

A sell signal is generated when the DMI crosses below the 50 level mark.

Sell Signal

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