Chandes Dynamic Momentum Index Technical Analysis & Chandes DMI Signals
Developed and Created by Tushar Chande
The Chande DMI shares similarities with Welles Wilder's Relative Strength Index (RSI), yet contains one crucial distinguishing feature.
RSI always uses a set amount of price data, but the Chandes Momentum Dynamic Index uses different amounts of price data as the market's price 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 signal to initiate a sell position is generated upon the DMI line dropping beneath the 50 level marker.
Sell Trade Signal
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