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Chande Momentum Oscillator Technical Analysis & Signals

Developed by Tushar Chande

Chande Momentum Oscillator measures momentum of a currency pair.

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

Calculation

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

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

Indicator Chande Momentum Oscillator Indicators MetaTrader 4

FX Technical Analysis & How to Generate Trading Signals

Buy Trading Signal

This Oscillator measures the momentum of price.

Levels above Zeroline are considered to be bullish/buy trading signals.

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

Buy Signal Forex - Technical Indicator Chande Momentum Oscillator Indicators MT4

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.

Chande Momentum Indicator Analysis - How to Use Momentum Indicator on Trading Chart

Sell Signal