How to Add Chandes Momentum Oscillator on MT4 Charts
Step 1: Open Navigator Window Panel on Software
Open Navigator panel as shown & illustrated below: Go to "View" menu (click on it), then select "Navigator" panel (click), or From Standard Tool-Bar click "Navigator" button or press keyboard shortcut keys "Ctrl+N"
On Navigator window, choose 'Technical Indicators', (Double Click)
How Do I Add Chandes Momentum Oscillator Indicator on MetaTrader 4 - MT4 Chandes Momentum Oscillator Indicator
Step 2: Expand the Indicators Menu on the Navigator - Adding Chande Momentum Oscillator MT4 Indicator
Expand the menu by clicking the expand button marker (+) or double click the "indicators" menu, after this the button will appear as (-) and will now display a list as shown below - select the Chandes Momentum Oscillator chart indicator from this list of indicators so as to add the Chandes Momentum Oscillator indicator on the chart.
How Do I Add Chandes Momentum Oscillator Indicator - From the Above window you can then place Chandes Momentum Oscillator indicator that you want on the Forex chart
How to Add Custom Chande Momentum Oscillator Indicator to MT4
If the technical indicator you want to add is a custom indicator - for example if the Chandes Momentum Oscillator indicator you want to add is a custom indicator you will need to first add this custom Chande Momentum Oscillator indicator on the MetaTrader 4 platform & then compile custom Chande Momentum Oscillator indicator so that the newly added Chandes Momentum Oscillator custom indicator pops up on the list of custom indicators in Meta Trader 4.
To learn how to install Chande Momentum Oscillator indicators on MT4, how to add Chandes Momentum Oscillator indicator window to MT4 and how to add Chandes Momentum Oscillator custom indicator in MT4 - How to add a custom Chande Momentum Oscillator forex trading indicator on MetaTrader 4.
About Chandes Momentum Oscillator Indicator Described
Chandes Momentum Oscillator Analysis & Signals
Developed by Tushar Chande
Chande Momentum Oscillator measures momentum of a forex 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.
Calculation
Chandes 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.
Forex Analysis & Generating Signals
Buy Trade Signal
This Oscillator measures the momentum of price.
Levels above Zeroline are considered to be bullish/buy signals.
The higher the indicator goes the higher the upwards price momentum.
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 Signal
