Forex Trading Chande Dynamic Momentum Index EA Setup - Setting Up Chande Dynamic Momentum Index Forex Expert Advisor

Chande Dynamic Momentum Index EA Setup - Setting Up Chandes Dynamic Momentum Index Indicator EA - A trader can come up with an Chande Dynamic Momentum Index EA based on the Chande Dynamic Momentum Index indicator explained below.

Chande Dynamic Momentum Index EA rules can be combined with other Forex technical indicators to come up with other Expert Advisor Forex Robots that trade using rules based on two or more indicators combined to form a trading system.

Chande Dynamic Momentum Index Forex Trading Technical Analysis Signals

Developed by Tushar Chande

Chande DMI is similar to Welles Wilder's Relative Strength Index (RSI), however, there is one very important difference.

Relative Strength Index uses a fixed number of price periods while the Chande Momentum Dynamic Index uses a variable amount of price periods as market volatility changes.

The number of price periods used by this Momentum Index indicator decreases as market volatility increases. This allows the technical indicator to be more responsive to price changes.

The Chande DMI is more accurate than the RSI, has less whipsaws & is less Choppy

Setting Up Chandes Dynamic Momentum Index Expert Advisor Robot