Chande Dynamic Momentum Index Forex Technical Analysis MT5 Indicator

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 forex price periods while the Chande Momentum Dynamic Index uses a variable amount of forex price periods as market volatility changes.

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

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

Forex Technical Analysis & Generating FX 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