Chande Momentum Oscillator Energies Technical Analysis & Trading Signals
Developed by Tushar Chande
Chande Momentum Oscillator measures momentum of a energies.
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
Chande momentum uses data for both up days and down days in the numerator, thereby directly measuring momentum.
Calculations are performed on unsmoothed data. This allows for short-term extreme market movements to be less hidden. However, smoothing can still be applied to Oscillator.
Energy Technical Analysis & Generating Trading Signals
Buy Trading Signal
This Oscillator measures the momentum of energies price.
Levels above Zeroline are considered to be bullish/buy signals.
The higher the indicator goes the higher the upward energies price momentum.
Buy Trading Signal
Sell Trading Signal
Levels below Zero line are considered to be bearish/buy signals.
The lower the indicator goes the higher the downward energies price momentum.
Sell Trading Signal
