Chande Dynamic Momentum Index XAUUSD Technical Analysis and Chande DMI XAUUSD Signals

Developed by Tushar Chande

Chande DMI is similar to Welles Wilder’s RSI, however, there is one very important difference.

Relative Strength Index uses a fixed number of gold price periods while the Chande Momentum Dynamic Index uses a variable amount of gold price periods as market volatility changes.

The number of gold price periods used by this Momentum Index decreases as market volatility increases. This allows the indicator to be more responsive to gold price changes.

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

XAUUSD Technical Analysis and Generating XAUUSD Signals

Buy XAUUSD Signal

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

Buy XAUUSD Signal

Sell XAUUSD Signal

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

Sell XAUUSD Signal