Chande Dynamic Momentum Index Stock Indices Technical Analysis and Chande DMI Stock Indices Signals
Developed by Tushar Chande
Chande DMI is similar to Welles Wilder’s Relative Strength Index, however, there is one very important difference.
RSI uses a fixed number of stock index price periods while the Chande Momentum Dynamic Index uses a variable amount of stock index price periods as market volatility changes.
The number of stock index price periods used by this Momentum Index decreases as market volatility increases. This allows the indicator to be more responsive to stock index price changes.
The Chande DMI is more accurate than the RSI, has less whipsaws and is less Choppy
Stock Indices Technical Analysis and Generating Stock Indices Signals
Buy Stock Indices Signal
A buy Signal is generated when the DMI crosses above 50 level mark.
Buy Stock Indices Signal
Sell Stock Indices Signal
A sell Signal is generated when the DMI crosses below 50 level mark.
Sell Stock Indices Signal
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