Chandes Dynamic Momentum Index Technical Analysis & Chandes DMI Signals
Developed and Created by Tushar Chande
Chande DMI is similar to Welles Wilder's Relative Strength Index (RSI), however, there one very important difference.
RSI uses fixed number of price periods while the Chandes Momentum Dynamic Index uses a variable amount of price periods as market price volatility changes.
The number of price periods used by this Momentum Index trading indicator decreases as the market price volatility increases. This allows the indicator to be more responsive to price changes.
The Chandes DMI is more accurate than the RSI, has less whipsaws & is less Choppy
FX Technical Analysis and How to Generate Signals
Buy Trade Signal
A buy signal is generated/derived when the DMI crosses above 50 level mark.
Buy Signal
Sell Signal
A sell trade signal is derived and generated when DMI crosses below the 50 level mark.
Sell Trade Signal
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