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