Chande Dynamic Momentum Index MetaTrader 4 Indicator & Chande DMI Signals

Developed by Tushar Chande

Chande DMI is similar to Welles Wilder’s Relative Strength Index (RSI), however, there is one very important difference.

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

The number of price periods used by this Momentum Index decreases as market volatility increases. This allows the MetaTrader 4 Indicator to be more responsive to price changes.

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

MetaTrader 4 Indicator & Generating Signals

Buy Forex Signal

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

Buy Trading Signal

Sell Forex Signal

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

Sell Trading Signal