Chande Dynamic Momentum Index Bitcoin Analysis & Chande DMI ==22==Trade Signals
Developed and Created by Tushar Chandes
Chande DMI indicator is similar to Welles Wilder’s Relative Strength Index indicator, however, there's one very important difference.
RSI uses a fixed number of bitcoin price periods while the Chandes Momentum Dynamic Index uses a variable amount of bitcoin price periods as market volatility changes.
The number of bitcoin price periods used by this Momentum Index indicator decreases as volatility increases. This allows the technical indicator to be more responsive to bitcoin price changes.
The Chande DMI is more accurate than the RSI, has less whipsaw fakeouts & is less Choppy
BTCUSD Analysis & Generating Signals
Buy Signal
A buy signal gets generated when the DMI crosses above the 50 level mark.
Buy Signal
Sell Signal
A sell signal is derived and generated when the DMI crosses below 50 level mark.
Sell Signal
Learn More Topics and ==22==TutorialsGuidesCourses:
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- How Can You Set a Sell Stop Order in MetaTrader 5 Online Software?
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