Chandes Dynamic Momentum Index Analysis & Chande DMI 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 gold price periods while the Chandes 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 indicator 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 whipsaw fakeouts and is less Choppy

How Do I Use DMI Technical Indicator? - DMI Indicator Analysis