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Chande Momentum Oscillator Forex Technical Analysis and Forex Trading Signals

Developed by Tushar Chande


Chande Momentum Oscillator measures momentum of a currency pair.


This Indicator uses a scale ranging between +100 and -100 thus allowing the trader to clearly see changes in net momentum using the 0 level mark as a balance point.



Chande momentum uses data for both up days and down days in the numerator, thereby directly measuring momentum.


The calculations are performed on unsmoothed data. This allows for short-term extreme movements to be less hidden. However, smoothing can still be applied to the Oscillator.

Chande Momentum Oscillator



Forex Technical Analysis and Generating Forex Trading Signals


Buy Signal

This Oscillator measures the momentum of price.


Levels above Zero line are considered to be bullish/buy signals.


The higher the indicator goes the higher the upward price momentum.


Buy Signal

Buy Signal



Sell Signal

Levels below Zero line are considered to be bearish/buy signals.


The lower the indicator goes the higher the downward price momentum.


Sell Signal

Sell Signal

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