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Chande Momentum Oscillator Forex Technical Analysis and Forex Trading Signals

Developed by Tushar Chande

Chande Momentum Oscillator measures momentum of a currency pair.

This Indicator uses a scale ranging between +100 and -100 thus allowing the trader to clearly see changes in net momentum using the 0 level mark as a balance point.


Chande momentum uses data for both up days and down days in the numerator, thereby directly measuring momentum.

The calculations are performed on unsmoothed data. This allows for short-term extreme movements to be less hidden. However, smoothing can still be applied to the Oscillator.

Chande Momentum Oscillator Forex Trading Indicator - Chandes Momentum Oscillator Forex Technical Indicator Explained

Forex Technical Analysis and Generating Forex Trading Signals

Buy Signal

This Oscillator measures the momentum of price.

Levels above Zero line are considered to be bullish/buy signals.

The higher the indicator goes the higher the upward price momentum.

How to Trade Forex Buy Signal - What is a Forex Trading Buy Signal

Buy Signal

Sell Signal

Levels below Zero line are considered to be bearish/sell signals.

The lower the indicator goes the higher the downward price momentum.

Sell Forex Trading Signal - Sell Signal in Forex Trading - Sell Forex Signal

Sell Signal


Technical Indicators